Reserve Bank Raises OCR to 2.50% The Reserve Bank of New Zealand (RBNZ) has increased the Official Cash Rate (OCR) by 25 basis points to 2.50%, marking the first interest rate increase in approximately three years. The decision reflects the Bank's intention to return inflation to its long-term target of 2% while balancing an economy that has begun to recover. Although inflation...
-
by Jim Young
- 4 weeks ago
- Business, Real Estate
- 0