The Reserve Bank has raised the official cash rate by 50 basis points to 4.75 percent and has signalled more rate rises are needed to combat inflation.<\/p>\n
It is the ninth consecutive hike since mid-2021, as the economy contiunues to experience high inflation.<\/p>\n
Eighteen months ago, the OCR – which affects the cost of borrowing – was just 0.25 percent.<\/p>\n
More to come…<\/i><\/p>\n
Source: RNZ<\/p>\n","protected":false},"excerpt":{"rendered":"
The Reserve Bank has raised the official cash rate by 50 basis points to 4.75 percent and has signalled more rate rises are needed to combat inflation. It is the ninth consecutive hike since mid-2021, as the economy contiunues to experience high inflation. Eighteen months ago, the OCR – which affects the cost of borrowing […]<\/p>\n","protected":false},"author":6,"featured_media":3284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,174],"tags":[59],"class_list":["post-3283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-nz-news","tag-featured"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/3283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3283"}],"version-history":[{"count":1,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/3283\/revisions"}],"predecessor-version":[{"id":3285,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/3283\/revisions\/3285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/3284"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}