ZB

Adrian Orr: Reserve Bank Governor following Official Cash Rate raise

Author
Newstalk ZB,
Publish Date
Thu, 26 May 2022, 8:16am
(Photo / File)
(Photo / File)

Adrian Orr: Reserve Bank Governor following Official Cash Rate raise

Author
Newstalk ZB,
Publish Date
Thu, 26 May 2022, 8:16am

The Central Bank has raised the Official Cash Rate to 2 percent in a bid to drive down our 31-year-high inflation.

Its forecasts of how high the OCR might rise have also jumped significantly, peaking at 3.9 percent in June next year.

Reserve Bank Governor Adrian Orr joined Mike Hosking.

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