{
  "id": 1446550,
  "title": "New Zealand Dollar: RBNZ seen on hold in September – Commerzbank",
  "url": "https://urgent.news/2026/08/17/new-zealand-dollar-rbnz-seen-on-hold-in-september-commerzbank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T07:58:09.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/new-zealand-dollar-rbnz-seen-on-hold-in-september-commerzbank-202608170758"
  },
  "original_language": "en",
  "account": "Commerzbank's Volkmar Baur predicts a potential pause on interest rate hikes by the Reserve Bank of New Zealand (RBNZ) in September, following softer inflation data. Core inflation is easing, but the central bank is expected to maintain a hawkish stance due to Middle East risks. Inflation figures released this month indicate a likely no rate increase for the second consecutive time, following the July hike. Despite the monthly index falling to 3.5% year-over-year in July, excluding gasoline and diesel prices, the rate was only 2.2% in July, down from 2.8% in June. The decline in the core rate is a positive sign for the central bank. Strong credit card sales provide confidence in the economy's continued resilience. However, the weaker economic environment is expected to continue impacting the currency over the long term.",
  "summary": "Commerzbank’s Volkmar Baur argues that softer New Zealand inflation data make a September rate hike by the Reserve Bank of New Zealand (RBNZ) unlikely after July’s move.",
  "key_points": [
    "RBNZ may pause September rate hikes, per Commerzbank's Volkmar Baur",
    "Core inflation easing, but RBNZ expected to stay hawkish due to Middle East risks",
    "July core inflation down to 3.5% YoY, July rate at 2.2% after June's 2.8%"
  ],
  "editors_take": "A potential pause in interest rate hikes by the RBNZ in September would mark a shift in policy response to softer inflation data, while maintaining a hawkish stance amid global risks.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}