Liam Dann: NZ Herald business editor on the upcoming Reserve Bank rates hike
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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