OCR up again as RBNZ forges ahead down tightening path [UPDATED]
- Thursday, 24 April 2014
The Reserve Bank of New Zealand (RBNZ) raised the official cash rate (OCR) – by 25 basis points, to 3.00 per cent – for the second time in two rates decisions on April 24. Analyst commentary following the decision focuses on the downside developments which have been added to RBNZ commentary, but the clear expectation remains that further hikes will follow including at the next rates decision in June.
