Reserve Bank Governor Adrian Orr. Photo / Mark MitchellThe Reserve Bank has today lifted the Official Cash Rate (OCR) to 0.50 per cent. The RBNZ monetary policy committee said the current Covid-19-related restrictions had not materially changed the medium-term outlook for inflation and employment since the August Statement. "I think the Reserve Bank played it with a pretty straight bat. "They also acknowledge that there are capacity pressures and inflation pressures there as well."

Source: New Zealand Herald October 06, 2021 01:05 UTC