ANZ now expects a flurry of rate hikes

Tue, 19 Oct 2021

ANZ Bank now expects the Reserve Bank of New Zealand (RBNZ) to hike at every meeting between November and next August in the wake of Monday’s hot inflation data. “Given the intensity of medium-term inflation pressures, we are now forecasting the RBNZ to take every opportunity it gets over the next while to raise the official cash rate,” chief economist Sharon Zollner.ANZ is now forecasting the bank will lift rates by 25 basis points in April and July 2022, in addition to November, February, May and August. “Th...

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