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OCR Rate Hike w/ Robert MacCulloch: November 29, 2022

OCR Rate Hike w/ Robert MacCulloch: November 29, 2022

OCR Rate Hike w/ Robert MacCulloch: November 29, 2022 OCR Rate Hike w/ Robert MacCulloch: November 29, 2022, 21.13 MB
Tuesday, November 29, 2022

Last week the Reserve Bank of New Zealand announced a hike to the Official Cash Rate of 75 basis point, which was quite a shock and has been reported on extensively as it’s not usually changed this quickly.

Casper had a chat to Robert MacCoulloch from the University of Auckland about what the OCR is, why the Reserve Bank raised it, and what this might mean for New Zealanders.