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17 May 2022 18:56
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  •   Home > News > Business

    Changes to the Official Cash Rate - and fast - could be on the horizon

    Changes to the Official Cash Rate - and fast - could be on the horizon


    Annual inflation hit 5.9 percent for the 2021 calendar year -- the highest spike in more than 30 years.

    ASB Senior Economist Mark Smith believes the Reserve Bank will move the OCR in 25 basis points each meeting to a peak of two percent.

    He says the risks are heavily skewed towards the central bank doing more than that - with a higher official cash rate end point, and moving the rate more quickly.

    © 2022 Newstalk ZB, NZCity

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