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MNI STATE OF PLAY: RBNZ Seen Aiming Hikes For A Softer Landing

MNI (Sydney)
SYDNEY (MNI)

Talk has circulated of a 50 basis point rate hike to cool inflation.

New Zealand’s central bank meets this week and is almost certain to deliver its fourth rate hike in as many meetings and with some observers expecting a hefty increase of 50 basis points.

The RBNZ has increased its Official Cash Rate by 25 points at every meeting since October, with the OCR now at 1.0%, and the last Monetary Policy Statement (MPS) in February including a track for the OCR which had rates at 3% next year, see: MNI INTERVIEW: Former RBNZ Official Calls For 50bps Hike.

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New Zealand’s central bank meets this week and is almost certain to deliver its fourth rate hike in as many meetings and with some observers expecting a hefty increase of 50 basis points.

The RBNZ has increased its Official Cash Rate by 25 points at every meeting since October, with the OCR now at 1.0%, and the last Monetary Policy Statement (MPS) in February including a track for the OCR which had rates at 3% next year, see: MNI INTERVIEW: Former RBNZ Official Calls For 50bps Hike.

Keep reading...Show less