What does the latest OCR hike mean for financial markets?

Published on 10 April 2023

Our Chief Economist Jarrod Kerr and Senior Dealer, Financial Markets, Hamish Wilkinson discuss the RBNZ’s decision to lift the official cash rate by 50 basis points, and the reaction in financial markets. The cash rate now sits at 5.25% as of April 2023, and is expected to get to 5.5% in May 2023.


Jarrod Kerr

Chief Economist

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