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Reserve Bank set to announce another OCR hike tomorrow

Author
Newstalk ZB,
Publish Date
Tue, 22 Nov 2022, 6:03pm
(Photo / Getty)
(Photo / Getty)

Reserve Bank set to announce another OCR hike tomorrow

Author
Newstalk ZB,
Publish Date
Tue, 22 Nov 2022, 6:03pm

An economist is tipping another big Official Cash Rate rise.

It's expected the Reserve Bank will hike the Official Cash Rate an unprecedented 75 basis points tomorrow.

Independent economist Cameron Bagrie says whether it's 50 or 75 basis points - it's still a large move.

He says in the context of the past 12 months, it'll be the most aggressive increase in the Official Cash Rate ever seen.

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