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VIEW: ANZ: 75s Now Expected For Nov And Feb


ANZ now expect “the RBNZ to hike the OCR by 75bp in both November and February before stopping to take stock. This takes the OCR to a peak of 5% by February (previously 4.75% by May). Both hikes are contingent on global financial markets keeping it together. Such large moves so late in the cycle are risky, no question, and could well turn out to be a mistake. But today’s data gives the RBNZ little choice. They are further behind the inflation game than thought.”

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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