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MNI STATE OF PLAY: RBNZ Considers Pace Of Rate Hikes

MNI (Sydney)
SYDNEY (MNI)

Markets are not ruling out a 50 basis points hike.

The Reserve Bank of New Zealand is expected to continue its tightening cycle at its meeting this week to take its official cash rate towards the forecast peak of 3.5% by September next year.

The OCR is currently at 1.5% after a series of rate rises which began in October, when the RBNZ began tightening from the record low of 0.25%, See: MNI STATE OF PLAY: RBNZ Speeds Up Policy On Inflation Concerns.

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The Reserve Bank of New Zealand is expected to continue its tightening cycle at its meeting this week to take its official cash rate towards the forecast peak of 3.5% by September next year.

The OCR is currently at 1.5% after a series of rate rises which began in October, when the RBNZ began tightening from the record low of 0.25%, See: MNI STATE OF PLAY: RBNZ Speeds Up Policy On Inflation Concerns.

Keep reading...Show less