RBNZ has done enough to curb inflation, banks say

RBNZ has done enough to curb inflation, banks say
Sharon Zollner is a lone voice among the big four trading banks on forecasting another OCR hike. (Image: Kapiti News)
Greg Hurrell
Three trading banks on Monday said the official cash rate had gone high enough, although they wouldn’t completely rule out the Reserve Bank of New Zealand raising rates anyway.The Bank of NZ (BNZ), ASB and Kiwibank all said economic indicators were moving in the right direction to cool inflation, even if some weren’t moving as quickly as expected. On the other hand, the market had already priced in a rise in the official cash rate (OCR) before May, which could become a self-fulfilling prophecy.On Friday, the ANZ forecast two mo...

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.

Rebecca Howard 02 Jul 2025
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