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'Surprisingly hawkish' comments from the Reserve Bank - economist

Author
Newstalk ZB,
Publish Date
Tue, 28 May 2024, 8:36pm
Reserve Bank Governor Adrian Orr. Photo / File
Reserve Bank Governor Adrian Orr. Photo / File

'Surprisingly hawkish' comments from the Reserve Bank - economist

Author
Newstalk ZB,
Publish Date
Tue, 28 May 2024, 8:36pm

The Reserve Bank surprised economists by revealing they considered hiking the Official Cash Rate - and haven't ruled out further hikes either.

Last week, the Reserve Bank confirmed they were keeping the OCR in place at 5.5 percent, in line with expectations.

HSBC chief economist Paul Bloxham said this was 'surprisingly hawkish', given the economy is weakening.

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