ANZ forecast the RBNZ will hike its cash rate by 50bp in April and MayANZ:
now forecasting the RBNZ to lift the OCR by 50bp at both the April and May RBNZ meetings
OCR to now peak at 3.5% rather than 3% in April 2023
Uncertainty is huge, but the direction of risk for inflation is absolutely clear.
We are now forecasting CPI inflation to peak at 7.4%
Source: ANZ forecast the RBNZ will hike its cash rate by 50bp in April and May (https://www.forexlive.com/centralbank/anz-forecast-the-rbnz-will-hike-its-cash-rate-by-50bp-in-april-and-may-20220307/)
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