TMM - News

OCR to rise in November: ASB

Tuesday 6th of July 2021

The bank has revised its prediction of a rate hike in May next year after poring over the latest Quarterly Survey of Business Opinion (QSBO) report. 

ASB's analysis of the NZIER QSBO report found labour market capacity pressures, a strong lift in wage inflation, and broader inflation increases.

The lender's economists, including Nick Tuffley (pictured) said: "A...

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