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ANZ Expects A 25bps Hike In November

RBNZ

ANZ has shifted its call from a 25bps hike in August to now expecting a 25bps move in November.

  • The bank stated that a further hike is likely to be needed to bring down inflation pressures. Data between August and November is expected to show that the RBNZ has more work to do, with inflation pressures likely to remain sticky.
  • A pause in the tightening cycle does not necessarily mean we are at peak according to the bank.

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