Liam Dann: OCR double hike signals Reserve Bank ready to move faster on inflation
RBNZ looks prepared to hike rates faster but not necessarily to a higher peak.
RBNZ looks prepared to hike rates faster but not necessarily to a higher peak.
OPINION: The Reserve Bank is due to make a decision on the cash rate today.
Odds are evenly split on the RBNZ delivering a double shot to interest rates this week.
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With inflation and employment both too high for the Reserve Bank, more rate hikes are due.
The Reserve Bank has lifted the official cash rate for a second consecutive cycle.
Markets will look to RBNZ governor Adrian Orr for clues on how high rates might head.
RBNZ chief economist Yuong Ha will step down in February after 25 years service.
A rate hike now, as pandemic bites, is unsettling but hints at bigger problems to come.
Inflation pressure looks set to dominate the RBNZ's thinking despite the Auckland lockdown
Cool words from US Federal Reserve chair Jerome Powell have eased investor fears.
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Stronger wage growth is helping to drive rates up sooner in NZ, say ANZ economists.
The underlying strength of the economy in the past 18 months offers some comfort.
ASB and Westpac have changed their turn and now expect no change to the OCR today.
Hiking more aggressively next week could head off inflation risk and cool housing.
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