What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures. Rate cuts possible from late 2024 to early 2025, according to Dollars & Sense panel.
Background: The central bank kept the OCR at 5.5%, as widely expected, in November. But it said it had a "willingness" to hike again, if needed.
Key players: RBNZ, Adrian Orr, Christian Hawkesby, Forsyth Barr, Zoe Wallis, Westpac, Satish Ranchhod, UBS, Nic Guesnon, Stats NZ.
The Reserve Bank has sent the hawks flying after reinforcing a “willingness” to raise the official cash rate again if inflation proves to linger far longer than expected.
Last month, the central bank delivered what was widely expected and held the cash rate at 5.5% – the final review of the
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What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures. Rate cuts possible from late 2024 to early 2025, according to Dollars & Sense panel.
Background: The central bank kept the OCR at 5.5%, as widely expected, in November. But it said it had a "willingness" to hike again, if needed.
Key players: RBNZ, Adrian Orr, Christian Hawkesby, Forsyth Barr, Zoe Wallis, Westpac, Satish Ranchhod, UBS, Nic Guesnon, Stats NZ.
