A split decision and OCR rises loom

About this episode

Nick Goodall and Kelvin Davidson discuss the recent RBNZ OCR decision and its implications for future rate rises.

Send us a question/idea/opinion direct via text message! In this special reaction episode, Nick Goodall and Kelvin Davidson unpack the latest RBNZ OCR decision. The rate was held, but only just. The vote was split 3–3, with the Governor casting the deciding vote. This highlights how finely balanced the outlook is. The key message is that rate rises are likely coming. The OCR track has been revised higher. An increase as soon as July now looks probable. Some committee members wanted to hike no...

People in this episode

Host: Nick Goodall

Guest: Kelvin Davidson

Topics covered

• OCR decision
• interest rates
• New Zealand economy
• financial outlook
• monetary policy

Keywords

• OCR
• RBNZ
• interest rates
• rate hike
• monetary policy
• economic outlook

Mentioned in this episode

Organizations: RBNZ

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