While the Bank will acknowledge the new house price requirements in its remit it is unlikely to respond to them with immediate policy changes. On that basis we expect the RBNZ to keep policy settings unchanged at its meeting on Wednesday 25th May. Even so, given the further improvement in the data we anticipate over the next year we still expect the RBNZ to hike rates next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services