Most economists don't expect a hike but concede it's possible

RBNZ governor Adrian Orr. (Image: Getty)

Thu, 22 Feb 2024

ANZ Bank economists are sticking to their guns and say the central bank will hike rates by 25 basis points next week. Other bank economists are not convinced, although they do concede it's possible.“We expect the RBNZ [Reserve Bank of New Zealand] to hike the official cash rate [OCR] to 5.75% next week and to publish an OCR track that gives a decent hat-tip to the possibility of a follow-up hike in April, with a peak of perhaps 5.85%,” said ANZ chief economist Sharon Zollner.ANZ Bank surprised markets recently when it fore...

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