3 min
Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank revealing they considered hiking the OCR Best of Business
-
- Business
The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts.
RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year.
The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025.
NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts.
RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year.
The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025.
NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
3 min