TMM - News

Mixed reactions to OCR increase

Wednesday 6th of October 2021

The central banks raised the rate for the first time since 2014.

It said the Official Cash Rate (OCR), rechistened the Monetary Policy Review (MPR), would rise from 0.25% to 0.50%.

The bank cited strong economic growth, full employment and inflation that was busting though its desired maximum towards the 4% mark.  

But the chief executive of the Auckland Chambe...

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