The official cash rate is anticipated to peak at 5% for this cycle and increase by 75 basis points to 4.25% at the forthcoming November Monetary Policy Statement, up from the previous reviews' 50 basis point increases. Despite the steep increase in interest rates over the past year, core inflation is still running hot across the economy and is not yet showing signs of moderating.
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NZ CPI Review: OCR Now Expected to Peak at 5%

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The official cash rate is anticipated to peak at 5% for this cycle and increase by 75 basis points to 4.25% at the forthcoming November Monetary Policy Statement, up from the previous reviews' 50 basis point increases. Despite the steep increase in interest rates over the past year, core inflation is still running hot across the economy and is not yet showing signs of moderating.

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