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Shadow Board recommends a smaller OCR increase of 25 basis points by the Reserve Bank in April

April 03, 2023

Shadow Board members recommend a smaller hike in the Official Cash Rate (OCR) in the Reserve Bank’s upcoming April Monetary Policy Review. The majority view was an OCR increase of 25 basis points, given inflation pressures are still high in the economy and inflation expectations remain above the Reserve Bank’s 1–3 percent inflation target band.

Read the release here.

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