RBNZ Preview: Forecasts from six major banks, 50 bps seems appropriate RBNZ NZDUSD InterestRate Macroeconomics Banks
elease time, here are the expectations as forecast by the economists and researchers of six major banks.
RBNZ is expected to raise the key Official Cash Rate by 50 basis points from 4.25% to 4.75%. The recent floods will certainly complicate the RBNZ’s job.“We expect the RBNZ will raise the OCR 50 bps to 4.75%. In terms of alternatives, a 75 bps hike is more likely than 25 bps. On balance, local data since the November MPS have pointed towards inflation pressures not being quite as bad as the RBNZ assumed.
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