Banks don’t expect Reserve Bank to rock the boat

Banks don’t expect Reserve Bank to rock the boat
The Reserve Bank releases its monetary policy statement and official cash rate on Wednesday. (Image: Getty)
Ella Somers
The Reserve Bank of New Zealand will release its monetary policy statement and official cash rate on Wednesday – and it's widely expected the central bank will press pause until after the election.In August, the Reserve Bank of NZ (RBNZ) kept interest rates at 5.5% and adjusted the projected peak to 5.6% in March 2024, up from the previous estimate of 5.5%. This adjustment immediately fuelled speculation about the possibility of another rate hike early next year.  The present level of economic activity is limiting spending and, c...

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