Podcasts Other The Mike Hosking Breakfast Sharon Zollner: ANZ Chief Economist expects RBNZ to raise the OCR by 75 basis points, highest rates hike ever

Sharon Zollner: ANZ Chief Economist expects RBNZ to raise the OCR by 75 basis points, highest rates hike ever

Published: Nov. 22, 2022, 6:51 p.m.

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Today\'s Reserve Bank decision on the Official Cash Rate is almost certain to be historic.

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The central bank is expected to raise the OCR by 75 basis points today, the highest rates hike ever.

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That would bring the rate to 4.25 percent, it\'s highest point in 14 years.

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ANZ Chief Economist Sharon Zollner told Mike Hosking there\'s a small chance they will go even further, and raise the OCR by truly unprecedented one-percent, to 4.5 percent.

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The OCR is now expected to peak above five-percent.

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