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VIEW: ASB Note Hawkish Risks To RBNZ Call

RBNZ

In the wake of today's Q1 GDP reading ASB note that they "currently expect the RBNZ to start lifting the OCR in May 2022 – but strong economic data now skew the risk to an even earlier move than that. Many interest rates (such as the 1- and 2-year swap rates) are likely to lift over the rest of this year in anticipation of higher cash rate going forward."

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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