RBNZ hikes by 50bps to 1.50%, path of least regret

<p>RBNZ raises Official Cash Rate by 50bps to 1.50%, larger than expectation of a 25bps hike. That’s also the biggest rate increase in 22 years. It said in the statement that “moving the OCR to a more neutral stance sooner will reduce the risks of rising inflation expectations.  A larger move now also provides more […]</p>
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