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RBNZ: Kiwibank Roll Forward OCR Hike Call

RBNZ

Kiwibank note that "The RBNZ laid out the path for policy, including OCR rate hikes from mid-2022. Interest rates, including mortgage rates, have bottomed (all going well)."

  • "We have pulled forward our forecast OCR hikes to commence from May '22 (prev. Nov '22). New Zealand's monetary policy stance sticks out compared to the RBA, and most other central banks."
  • "There is significant upside risk to Kiwi interest rates and the Kiwi dollar. We are wary of mortgage related fixing in coming days, weeks, and months."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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