Reserve Bank OCR stays at 2.5pc

The Reserve Bank said it had left its official cash rate (OCR) unchanged at 2.5 per cent but left no clues as to when the next tightening cycle would begin. Market expectations are for the bank to start increasing rates early next year in order to stave off expected inflation pressures.

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Currency control?
New Zealand

Currency control?

The Reserve Bank of New Zealand is considering launching a central bank digital currency (CBDC). This episode explores why and how it could work.