It's all about the RBNZ's forecasts

The Reserve Bank is widely expected to keep rates on hold at 5.5%. (Image: NZME)

Fri, 17 May 2024

Next week’s monetary policy statement will be scrutinised to see if the central bank has changed its view on the timing of possible rate cuts. The Reserve Bank of New Zealand (RBNZ) is widely expected to keep rates on hold at 5.5%, marking a full year since it last lifted rates.In April it said keeping the official cash rate (OCR) at a “restrictive level for a sustained period” will return consumer price inflation to within the 1% to 3% target range this calendar year.Annual inflation was 4.0% in the March 2024 year. &nbs...

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