The Reserve Bank delivered an unprecedented 75 basis point hike yesterday, taking the official cash rate (OCR) from 3.5 per cent to 4.25 per cent - its highest level in 14 years.
The RBNZ now sees the OCR rising to a peak of 5.5 per cent in 2023
The Reserve Bank delivered an unprecedented 75 basis point hike yesterday, taking the official cash rate (OCR) from 3.5 per cent to 4.25 per cent - its highest level in 14 years.
The RBNZ now sees the OCR rising to a peak of 5.5 per cent in 2023
Liam Dann takes a deeper dive into the week's economic news