17 Aug 2022

Reserve Bank expected to raise OCR again today

From Morning Report, 7:26 am on 17 August 2022

The Reserve Bank is expected to deliver a fourth consecutive 50 basis point rise in the official cash rate later today.

This would take the OCR to a seven-year high of 3 percent, as the Reserve Bank continues its all-out assault on inflation at a 32-year high.

RNZ business editor Gyles Beckford spoke to Corin Dann.