ANZ anticipates a 25bp hike to the RBNZ OCR to 2.50% next week, citing persistent inflation risks and stimulatory policy settings. Economic indicators show an improving trend in business and consumer confidence.
Key Takeaways
- 1.ANZ expects the RBNZ to hike the Official Cash Rate (OCR) by 25bp to 2.50% at its upcoming meeting.
- 2.Economic recovery in New Zealand appears more established with improving business confidence and consumer sentiment.
Table of Contents
- ANZ Proprietary data
- Key forecasts and rates
- July Monetary Policy Review: a nail biter
- NZ Economic News
- Data calendar
- Interest rate markets
- FX markets
- The week ahead
- Key Forecasts and Rates
- Meet the team
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Authors
Sharon ZollnerDavid CroyMatt DillyMiles WorkmanMatthew Galt
Securities
New Zealand Official Cash Rate
Themes
Economic RecoveryMonetary Policy Tightening
Regions
Asia PacificGlobalNew ZealandUnited States