TMM - News
Interest rate relief “less far off”

Monday 28th of November 2022
But they make clear that significant pain relief is still around 18 months away.
The Reserve Bank (RBNZ) last week pushed up the Official Cash Rate (OCR) by an unprecedented 75 points, and contemplated a 100 point rise before finally ruling it out.
The rise is expected to be followed by more next year and the RBNZ itself expects the OCR to peak at 5.5%.
This is likely to...
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