The Reserve Bank this week lifted the Official Cash Rate to 5.5 per cent, as expected.
But the big surprise came when Reserve Bank Governor Adrian Orr told Kiwis that his work was done and that the Reserve Bank didn’t see the need to lift rates any higher.
So why has the Reserve Bank suddenly changed its mind on further hikes? Are Kiwis in for a longer run of inflation? And what factors will have the biggest impact on the economy over the next 12 months?
Today, on the Front Page, NZ Herald Wellington business editor Jenée Tibshraeny explains the repercussions from the latest OCR hike.
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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
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