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The Reserve Bank is set to hike rates up next week

Author
Newstalk ZB,
Publish Date
Thu, 17 Nov 2022, 8:27pm
 Photo / David White.
Photo / David White.

The Reserve Bank is set to hike rates up next week

Author
Newstalk ZB,
Publish Date
Thu, 17 Nov 2022, 8:27pm

The Reserve Bank is set to meet next week, and speculation suggests rates may be hiked again.

Liam Dann, NZ Herald business editor at large is among the many who assumes a 75 basis points hike is looking likely.

Liam Dann notes that this basis points hike is high, and that it could put the OCR at a level we haven't seen since the global financial crisis. Even the less likely 50 percent basis points hike will hit the economy hard.

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