New Zealand Dollar: RBNZ seen hiking in September – UOB
UOB Global Economics & Markets Research, led by economist Lee Sue Ann, now expects the Reserve Bank of New Zealand to raise the Official Cash Rate to 2.75% at the September meeting.
UOB Global Economics & Markets Research has revised its expectations for the Reserve Bank of New Zealand, now anticipating a 25 basis points increase in the Official Cash Rate to 2.75% at the upcoming September meeting. This hike is a response to ongoing inflation at 4.1%, broad price increases, and hawkish guidance from policymakers, despite a soft labor market.
UOB maintains that further tightening will be data-dependent, and the decision to raise the OCR now aims to reinforce the Bank's commitment to combating inflation while preserving flexibility for future meetings.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
