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VIEW: Westpac: No Room For Relenting


In the wake of today’s labour market report Westpac note that “the Reserve Bank was already braced for some strong wage outcomes, so today’s results don’t necessarily increase the risk of a large OCR increase at the next review later this month. However, they do highlight the extent of the challenge that the RBNZ faces in bringing inflation pressures under control – there is no room for relenting on the path to higher interest rates yet.”

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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