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VIEW: Westpac Joins The November OCR Hike Club

RBNZ

Westpac note that "having just recently brought forward our forecast of the first OCR hike to August 2022, we're now questioning whether the RBNZ has even that much time on its side. We now expect the first OCR hike to occur in November this year, with follow-ups in February and May next year, and a further gradual tightening over the following years."…" Next week's Monetary Policy Review is likely to signal that if activity and inflation remain firm, a gradual removal of policy stimulus will be appropriate."

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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