RBNZ could hike 50 basis points and signal more to come

RBNZ could hike 50 basis points and signal more to come
The RBNZ is widely expected to hike but it remains to be seen by how much. (Image: Getty)
Rebecca Howard
Last week’s budget and stronger-than-expected migration could result in the Reserve Bank of New Zealand (RBNZ) hiking by another 50 basis points to 5.75% this week and signal more hikes to come. “We had previously thought that the RBNZ would do a final 25bp increase on May 24. Post-Budget, we now expect a 50bp lift in May,” said ASB chief economist Nick Tuffley.  “We think that will be it, but that the RBNZ will flag the risk of a further hike.”The central bank has lifted the official cash rate (OCR) from...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025