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RBNZ

BNZ note that “taking into consideration the balance of risks, we have formally introduced a further 25 basis point rate hike into our track for the February RBNZ meeting taking the OCR to 4.25%.”

  • “The cash rate stays at this level through 2023 before progressively moving back towards a neutral rate, which we have lifted to 2.25%.”
  • “The risk around these forecasts is balanced. As noted, the hawkish scenario is the currency drives inflation higher than anticipated for longer but the downside is a crippled global economy.”
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BNZ note that “taking into consideration the balance of risks, we have formally introduced a further 25 basis point rate hike into our track for the February RBNZ meeting taking the OCR to 4.25%.”

  • “The cash rate stays at this level through 2023 before progressively moving back towards a neutral rate, which we have lifted to 2.25%.”
  • “The risk around these forecasts is balanced. As noted, the hawkish scenario is the currency drives inflation higher than anticipated for longer but the downside is a crippled global economy.”