More Official Cash Rate hikes are possible, but far from guaranteed.

The Reserve Bank has raised the cash rate 25-basis-points this afternoon to 2.75 percent.

Governor Anna Breman says they are moving it towards a neutral level, to around 3 percent.

But she says nothing is set in stone.

"Today's decision will allow us to assess the impact of these two OCR increases - and then we will see whether we need to do further increases." 

LISTEN ABOVE

More Official Cash Rate hikes are possible, but far from guaranteed.
The Reserve Bank has raised the cash rate 25-basis-points this afternoon to 2.75 percent.
Governor Anna Breman says they are moving it towards a neutral level, to around 3 percent.
But she says nothing is set in stone.
"Today's decision will allow us to assess the impact of these two OCR increases - and then we will see whether we need to do further increases."&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Anna Breman: Reserve Bank Governor on whether we can expect more OCR hikes after recent increase

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/613d372b-dae6-496a-bd2b-b4b9005b5720/transcript