The RBNZ looks to have one more hike up its sleeve

RBNZ takes a hawkish view of the interest rate track. (Image: Getty)

Thu, 30 Nov 2023

Chances are very good that New Zealand’s central bank has one more rate hike up its sleeve.“The watch, worry and wait now has a 'willing' sitting in there as well,” Reserve Bank of NZ (RBNZ) governor Adrian Orr told media after keeping rates on hold at 5.5%. Wednesday’s monetary policy statement took markets by surprise when the central bank lifted its forecast interest rate track and clearly said it would hike again if necessary. The market had been expecting it to lower the track and had even been pri...

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