The Reserve Bank is expected to increase the official cash rate by 50 basis points. Photo / NZMEThe Reserve Bank is expected to increase the official cash rate by 50 basis points. Photo / NZMEA 50-basis-point hike in the official cash rate (OCR) this week from the Reserve Bank is looking like a done deal. Market expectations had previously been for a series of 50 basis point hikes following on from Wednesday's rate call, but economists now are not so sure. A series of half point rate rises over the next two months from the Fed is seen as likely.

Source: New Zealand Herald May 22, 2022 23:07 UTC