S2.E31 - OCR hike on the horizon
The NZ Property Market Podcast - A podcast by CoreLogic NZ
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Send us a question/idea/opinion direct via text message!In a big week for economic data the chances of a lift in the official cash rate (OCR) have increased dramatically. Nick and Kelvin firstly cover off the Monetary Policy Review from the RBNZ, where they left the OCR on hold, but announced an almost immediate end to Government bond buying - a clear sign of reduced support for a surprisingly well performing economy.Then, combined with the CPI data for Q2 reporting 3.3% inflation over t...