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VIEW: Westpac: Inflation Exp. May Give Some Comfort, Look For 50bp Hike

RBNZ

Westpac note that “today’s easing in inflation expectations will leave the RBNZ feeling more comfortable that the risks of high inflation becoming embedded in the economy are easing off. That is particularly important given the current multi-decade high in actual inflation and related risks of a wage-price spiral. Even so, today’s survey still points to strong inflation pressures in the New Zealand economy and reinforces the case for rate rises. We’re forecasting another 50bp rise at next week’s RBNZ policy meeting.”

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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