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The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%. 24-05-2023
The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level for the foreseeable future, to ensure that consumer price inflation returns to the 1% to 3% annual target range, while supporting maximum sustainable employment.
South Canterbury Property Investors' Association
Phone: 0211556274
Email: south-canterbury@nzpif.org.nz
Postal Address:
PO Box 81, Timaru
