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RBNZ raise its cash rate by 25bp

Reserve Bank of New Zealand sets its Official Cash Rate (OCR) at 5.5% from 5.25% previously.more to comeBank forecasts: Sees cash rate peak at 5.5%Sees march qtr gdp at +0.3%Forecasts negative GDP growth for q2, q3 in 2023 sees official cash rate at 5.5% in September 2023 (pvs 5.43%)at 5.5% in June 2024 (pvs 5.5%)at 5.43% in September 2024 (pvs 5.44%)at 3.31% in June 2026sees NZD TWI at around 71.5% in June 2024 (pvs 71.5%)sees annual CPI 3.7% by June 2024 (pvs 3.6%)From the Statement:Official... Read More

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Posted: May 24 2023, 02:00

Author Name: forexlive

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