Inflation expectations are so strong, Reserve Bank observers now believe there’s a higher likelihood of the central bank lifting the OCR by 50 basis points, than there is of it making no change – Interest.co.nz
The Reserve Bank (RBNZ) is widely expected to be a world leader in tightening monetary policy on Wednesday.
Most local economists expect it to increase the Official Cash Rate (OCR) from 0.25% to 0.50%.
Both inflation and inflation expectations are relatively…
