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VIEW: BNZ: 50 Point Bombshell

RBNZ

BNZ write “taking all things into account we reluctantly, forecast that the RBNZ will raise the cash rate a further 25 basis points at its May 24 MPS taking the cash rate to its final resting place of 5.5%. We say reluctantly because we think the Bank has already done more than enough. Our fear is that if the RBNZ sticks dogmatically to focussing more on the actual data than the leading indicators that it might continue to surprise on the upside.”

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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