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ANZ Now Sees OCR Terminal Rate At 5.75%

RBNZ

ANZ have updated their forecast for the RBNZ terminal rate. The bank expects that the RBNZ will raise the OCR to 5.5% next Wednesday, noting they see a 20% chance of a 50bp hike and a 5% chance of a pause.

  • They are also adding a 25bp hike in July into their OCR forecast bringing the terminal rate to 5.75%.
  • On Tuesday Westpac raised their terminal rate forecast to 6%.

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