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War against inflation is part won - expert

Wednesday 21st of September 2022
Nikko Asset Management head of bonds and currency, Fergus McDonald, thinks there is still some way to go before inflation slips back to the intended margin of 1% to 3%. Even then, it would remain much closer to 3% than to 1%.
McDonald says the “heavy lifting” had already been done by the Reserve Bank, now that it has increased the Official Cash Rate (OCR) from 0.25% to 3% in...
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