25/05/23 - RBNZ - OCR - MPS - JMI Wealth Market Update

What this episode covers

A surprise outcome from the RBNZ yesterday as they raise the official cash rate to 5.5%. Andrew Kelleher reviews the announcement and comments that a positive development has been the Monetary Policy committee’s recognition of signals indicating weakness in the economy, and pressures on business. Lastly, he touches on Governor Orr’s statement to encourage all Kiwi’s to get inflation lower before moving onto market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

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How long is this episode of JMI Wealth Market Update?

This episode is 5 minutes long.

When was this JMI Wealth Market Update episode published?

This episode was published on May 24, 2023.

What is this episode about?

A surprise outcome from the RBNZ yesterday as they raise the official cash rate to 5.5%. Andrew Kelleher reviews the announcement and comments that a positive development has been the Monetary Policy committee’s recognition of signals indicating...

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