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A break in OCR increases forecast

Monday 10th of July 2023
The OCR is at a 14 year high moving from 0.25% to 5.50% in just two years. Most of the 25 economists surveyed by Reuters expect it to remain on a flat line into next year.
However, there are dissenters. Westpac expects a 25 basis point rise in August and ANZ has a placeholder 25 basis point hike pencilled in for November.
RBNZ OCR hikes ended in May and pushed the country into a...
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