Markets Outlook

The BNZ Markets Outlook highlights the RBNZ's expected hawkish hold on the OCR at 2.25% and the upcoming NZ Government Budget. Global markets are focused on potential Middle East de-escalation and US inflation data.

Key Takeaways

• 1.The RBNZ is expected to hold the OCR at 2.25% this week but will likely bring forward projected rate hikes due to inflation pressure.
• 2.The New Zealand Government Budget release on Thursday is expected to show little change to the bond programme despite fiscal pressures.
• 3.Global market sentiment is buoyed by potential peace deal developments in the Middle East involving the US and Iran.

Table of Contents

• Bank and Budget Week
• Global Watch
• Key Event Previews
• Fixed Interest Market
• Foreign Exchange Market
• Technicals
• Quarterly Forecasts
• Annual Forecasts
• Key Upcoming Events

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