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Kiwibank: "Closing the chapter on rate hikes. The RBNZ is now on hold."

Kiwibank:
A note from KiwiBank in NZ on the Reserve Bank of New Zealand. In brief:The RBNZ delivered a 25bp hike and left the peak in the OCR at 5.50%. The May meeting signalled the peak in the tightening cycle. The next move is a rate cut, but not for a while yet. The RBNZ looks to be on hold for the remainder of 2023. Now’s the time to wait and see how previous hikes wash through the economy. A slowdown in activity is still forecast. The economy requires rebalancing to bring inflation back to target. Ou... Read More
Posted: May 29 2023, 03:31
Author Name: forexlive
Views: 102137

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