Reserve Bank governor Adrian Orr fronts up to MPs in wake of hawkish monetary statement. “Power is in the hands of the people,” the Reserve Bank governor told the Finance and Expenditure select committee on Thursday. We don't have to pay that cost.”Driving down demand in the economy is the key reason the Reserve Bank is pushing the official cash rate (OCR) up. Stuff Could less Government spending be an alternative to hiking the Official Cash Rate? STUFF Reserve Bank Governor Adrian Orr discusses lifting the OCR by 75 basis points to 4.25%.

Source: Stuff November 24, 2022 23:43 UTC