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50bp OCR Hike Was Discussed Today, Best Foot Forward Approach Deployed

RBNZ

Governor Orr notes that the central bank discussed a range of potential outcomes at today's meeting, including a 50bp OCR hike. He points to the 25bp hike as a "best foot forward approach," while flagging well-documented 2-way risks to the economy.

  • Orr reiterates the Bank's view re: the unsustainable level of house prices and stresses that the Bank believes that house prices should ease over its forecast horizon.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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