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NZIER: RBNZ rate to peak at 5% next year

In the November Monetary Policy Statement, RBNZ projected that interest rate would peak at 5.5% while the economy would start contracting in Q2 2023 until Q1 2024. NZIER said it expected the negative impact of higher interest rates on demand will “become more apparent around mid-2023”. With that, RBNZ “will not need to increase interest […] The post NZIER: RBNZ rate to peak at 5% next year appeared first on Action Forex... Read More
Posted: Nov 29 2022, 04:39
Author Name: actionforex
Views: 111693

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