Runaway house prices, the labour shortage and high inflation will all be top of mind for the Reserve Bank - when it announces the Official Cash Rate after lunch
Runaway house prices, the labour shortage and high inflation will all be top of mind for the Reserve Bank - when it announces the Official Cash Rate after lunch
24 November 2021
Governor Adrian Orr will also give a Monetary Policy Statement in the 2pm announcement.
He and his team raised the OCR a quarter of a percent - to half a percent - last month.
JMI Wealth director, Andrew Kelleher, says the Reserve Bank has to react to high inflation, an unsustainable employment market and house prices that are up a third in one year.
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