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Westpac forecasts RBNZ will raise cash rate to 6%, keep it there until mid-2024

Westpac in New Zealand are forecasting the Reserve Bank of New Zealand cash rate target to 6% by August. WPAC say:by mid-2024 it should be clearer that inflation pressures have substantially moderated, CPI should be closer to 4% and the prospect of reaching 3% will become "more than just a figment of an economic forecaster's wild imagination" "As always, significant risks to this central outlook exist - but our sense is that these remain to the upside in terms of inflation persistence and henc... Read More

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Content Topics

Westpac

Forecasts

Rbnz

Will

Raise

Cash

Rate

Keep

There

Until

Mid 2024

Forex

Posted: May 15 2023, 21:03

Author Name: forexlive

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