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Is another OCR hike needed to tame inflation?
Some forecasters believe the Reserve Bank will need to raise the official cash rate from the 5.5% level they took it to in May. But is another hike really as necessary as some make it out to be?
Once bitten, twice shy
While the annual inflation rate came in lower than anticipated at 5.6%, the Reserve Bank is unlikely to ease monetary policy anytime soon — and until wage growth heads back down to 3.5%, they may not even consider it. So what does this mean for Kiwi?
Is the easing of monetary policy still a distant dream?
On October 4 the Reserve Bank will announce the outcome of their next review of the official cash rate. Have they changed their minds about monetary policy in their battle against inflation?
Inflation remains a thorn in the economy's side
The Reserve Bank is unlikely to be feeling that the 5.5% level they took their official cash rate to in May is generating excessive downward pressure on inflation in the country. So could they be thinking about tightening again as some still predict?
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