With GDP growth holding up and food inflation climbing to a fresh high, the Reserve Bank of New Zealand will hike rates by another 50bp to 3.5% at its upcoming meeting on 5th October. And with the Bank prepared for a sharp slowdown in activity while inflation has yet to moderate, we now expect the Bank to hike rates to a peak of 4.5% by April.
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