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MNI RBNZ Review - October 2021: OCR Hike Cycle Gets Under Way


  • The RBNZ delivered the first hike to the OCR in seven years, even as the renewed outbreak of Covid-19 has not been stamped out. The decision was widely expected by the market.
  • The Reserve Bank expressed a sense of concern with mounting inflationary pressures and warned that some capacity bottlenecks may prove persistent.
  • Policymakers noted that they expect to tighten policy further, with future moves dependent on medium-term inflation and labour market outlook.

Click here to view the full review: MNI RBNZ Review October 2021.pdf

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