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Reserve Bank’s OCR move ‘birdbrained’ and spineless, says top economist – Stuff.co.nz
ANZ and ASB raise floating and flexible mortage rates despite central bank electing only for a ‘cautious’ 25bp rise in the OCR….
A decision by the Reserve Bank to only raise the official cash rate by 25 basis points to 0.75 per cent on Wednesday has been labelled birdbrained and spineless by a top economist, who says the bank has missed a chance to head off rampant inflation.
ANZ…
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