Suggestions the next Official Cash Rate increase will be 50 basis points
Suggestions the next Official Cash Rate increase will be 50 basis points
1 February 2023
Latest figures from the December quarter show the unemployment rate has risen slightly to 3.2 percent.
It's sparked speculation the next OCR hike to cool inflation will be lower - rather than a predicted 75 basis points.
Herald Wellington Business editor Jenee Tibshraeny says people might be tempted to celebrate.
But she says it's worth remembering 25 basis-points used to be the normal increment for shifting interest rates - so 50 is still significant.
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