The heat is on: RBNZ signals more hikes to come

Forecasts show nearly 100bps more of tightening. (Image: BusinessDesk)

Wed, 23 Feb 2022

The Reserve Bank of New Zealand lifted the official cash rate by 25 basis points to 1.0% and signalled plenty more to come in its forecasts.“The committee agreed that further removal of monetary policy stimulus is expected over time given the medium-term outlook for growth and employment, and the upside risks to inflation,” it said. The committee confirmed that the outlook for a higher cash rate at the end of the projection horizon was a balanced reflection of the likely path of interest rates.The central bank now expects the...

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