RBNZ Hiked Policy Rate for First Time in 7 Years

<p>For the first time in 7 years, the RBNZ increased the OCR by +25 bps to 0.5% in October. Policymakers pledged to tighten further in coming months as inflation pressure continues to exceed target. Policymakers remained hopeful about the economic outlook, suggesting that easing of pandemic-related restrictions could help return growth momentum. On economic developments, [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/central-bank-analysis/407581-rbnz-hiked-policy-rate-for-first-time-in-7-years/">RBNZ Hiked Policy Rate for First Time in 7 Years</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>