Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank keeping the 5.5 percent OCR in place
The Reserve Bank has left the OCR unchanged at 5.5 percent- and will keep it in place for the foreseeable future.
Economists predict the RBNZ will hold the rate at its current level until early to mid 2024.
NZ Herald Wellington business editor Jenee Tibshraeny says the Reserve Bank now faces a difficult challenge of making the call as to how long they keep rates up.
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