RBNZ may be one of the first to raise rates

The bank still expects a short-term spike in inflation over the next few quarters.

Wed, 26 May 2021

New Zealand’s Reserve Bank is now set to become one of the first central banks in an advanced economy to lift rates, with its forecasts pointing to higher interest rates by September 2022.The RBNZ kept the official cash rate on hold at a record low 0.25% but said on current projections it eventually increases over the medium term, conditional on the economic outlook evolving broadly as anticipated.The central bank published its projected official cash rate track for the first time since early last year. The projections show it moves...

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