NZ CPI Review: OCR Now Expected to Peak at 5%
The official cash rate is anticipated to peak at 5% for this cycle and rise by 75 basis points to 4.25% at the forthcoming November Monetary Policy Statement, up from the previous reviews' 50 basis point increases. The economy as a whole continues to experience high inflation rates. Additionally, it is observed that domestic economy circumstances are still robust, with a tight labour market and resilient household consumption.














