The Reserve Bank is forecasting the effects of Covid-19 will dissipate over time
The Reserve Bank is forecasting the effects of Covid-19 will dissipate over time
6 October 2021
The OCR has increased to half a percent, the first change in more than 18 months.
Independent economist Tony Alexander says the bank has noted impacts on the economy will recede, as the vaccination rate rises.
He says they're looking to start the job, with inflation growing and expected to stay high for some time.
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