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RBNZ meet next week - preview - "likely to deliver an outsized 75bps hike to 4.25%"
Via KiwiBank on the Reserve Bank of New Zealand meeting coming up on November 23.
Summary:
- The war on inflation is ongoing. And the RBNZ is likely to up the ante next week. We expect to see an outsized 75bp hike to 4.25%. And they won’t stop there. We’re likely to see a 5% cash rate next year.
- Both inflation and inflation expectations have surprised on the upside since the RBNZ’s last MPS in August. The RBNZ’s next MPS is not until February. So they’ll want to get con... Read More
Posted: Nov 16 2022, 01:54
Author Name: forexlive
Views: 102239
