RBNZ raises its cash rate by 25bps, as expected

Official cash rate (OCR) from 0.5% to 0.75% now. 

  • The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment 

  

 more to come  

Governor Orr’s news conference is coming up at 0200 GMT . 

For background to today, the previews:

Official cash rate (OCR) from 0.5% to 0.75% now. 
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