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ANZ forecast the RBNZ will hike its cash rate by 50bp in April and May

Started by forex4you, Mar 08, 2022, 05:19 am

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forex4you

Mar 08, 2022, 05:19 am
ANZ forecast the RBNZ will hike its cash rate by 50bp in April and May

ANZ:

    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

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