KiwiBank with a forthright preview of the RBNZ meeting this week (Wednesday)Any talk of hikes now would be overkill. The data has clearly turned. Of course, there are still some hurdles to get through. We still need to see inflation back within the RBNZ’s 1-3% target band. A hard task that should be accomplished in the next few months. But the complete return to 2% is still a 2025 story. Aggressive tightening from the RBNZ has worked. And setting policy today is about influencing the economy over the next 18 months. So, the RBNZ’s sights should be set on the end of 2025, start of 2026. And with that in mind, rate cuts should be considered, not hikes. The weakness in the economy should quell
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