Explained: Did markets price in the latest OCR hike?
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The Reserve Bank has raised the OCR by 25 basis points to 2.75 percent, in line with economists' expectations.
Markets expected the cash rate would go up, but many had priced in a bigger increase - and there's still an expectation that the OCR could go up further down the track.
Milford Asset Management's Remy Wisenberg explained further.
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