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VIEW: ANZ Expect Hikes At Each MPS Through The End Of '22

RBNZ

ANZ now expect "that the OCR will be raised in 25 basis point increments at the August 2021, November 2021, the February, May, August, and November 2022 Monetary Policy Statements, bringing the OCR to 1.75%. Not hiking between each MPS (i.e. at MPRs) is consistent with a relatively gradual hiking cycle, which we think is a sensible approach, allowing the RBNZ to assess the efficacy of monetary policy on the way up. However, broad based strength in inflation could add urgency to forthcoming meetings."

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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