Uploaded September 2026 | Updated September 2026, 2 weeks ago

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The Reserve Bank has raised the official cash rate (OCR) for a second meeting in a row to tackle inflation pressures, and has signalled more increases could be coming this year | Subscribe: youtube.com/RNZVideo?subscribe

The Monetary Policy Committee raised the benchmark rate by 25 basis points to 2.75, percent following a similar sized rise in July.

The move upwards was widely predicted by economists.

Read more: rnz.co.nz/news/business/1228031/reserve-bank-hikes-official-cash-rate-to-2-point-75-percent