We have been critical of the Reserve Bank for delaying the removal its OCR super-stimulus, while economic momentum and inflation risk has accumulated so much. But at least today, while leaving its cash rate at it extraordinarily low level of 2.50%, the Bank clearly beefed up its hawkish rhetoric. With this, it said it was “committed” to lifting the OCR, starting “soon”. For this we can commend the Bank.
Read the full report:Economic Research
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