OCR Rate Hike w/ Robert MacCulloch: 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.