The Reserve Bank considered delivering a radical 75 basis point hike, to get ahead of inflation, but stuck with another 50-point hike to the Official Cash ...
The Reserve Bank has delivered another 50 basis point hike to the Official Cash Rate today as it moves to quell inflation in the economy. It is the fifth 5.
Australia only lifts 0.25% but BNZ says anything other than a 0.5% OCR rise here would still be a 'huge surprise'.
Many economists predict the central bank will hike the rate for an eighth straight time in a bid to tackle inflation.
In contrast to Tuesday's smaller-than-expected 25bp Reserve Bank of Australia OCR increase, which provided an overnight boost to western rates markets, the RBNZ ...
RBNZ hiked the cash rate 50bps to 3.5%, for the fifth consecutive meeting. The decision was in line with our view and that of the markets'.
The Reserve Bank considered delivering a radical 75 basis point hike, to get ahead of inflation, but stuck with another 50-point hike to the Official Cash ...
In the past 12-18 months, mortgage rates have increased from as low as 2% to 5-6% on average.