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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (PERTH)
MNI (Perth)
The New Zealand Institute of Economic Research's Shadow Board recommended the Reserve Bank of New Zealand hike rates by 50bps to 3.5% at its Oct 5 meeting.
The recommendation by the Shadow Board, which includes former RBNZ chairman Arthur Grimes, aligns with market pricing that sees the Official Cash Rate being raised for an eighth consecutive meeting to its highest level since 2015.
Views on where the OCR would be in a year ranged between 3.5% and 4.75%. Inflation remains the main concern and further monetary tightening was viewed as necessary. One member opposed a 50bps hike on concerns about the rising cost of finance and the hit to business and consumer confidence.
Robert covers RBA and RBNZ policy and the economy for MNI in Australia.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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