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25/05/23 - RBNZ - OCR - MPS episode artwork

May 24, 2023 5 min

25/05/23 - RBNZ - OCR - MPS

from JMI Wealth Market Update Hosted by JMI Wealth

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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25/05/23 - RBNZ - OCR - MPS

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This episode is 5 minutes long.

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This episode was published on May 24, 2023.

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