Reserve Bank of New Zealand policy meeting preview - (still) hawkish hold expected ...Middle East

The Reserve Bank of New Zealand will hold its key interest rate at 5.50% on Wednesday according to all analysts polled by Reuters. rates are set to stay on hold through end-September, according to the median view.ANZ, ASB, and Westpac expect no change until next yearKiwibank and Bank New Zealand see the first reduction in Q4 this year "We're agonizing over the start date, whether it's November or February, but the direction is pretty clear. Rates will be lower into next year and that'll help with the rebalancing of the economy and the rebound in asset markets, particularly housing," said Jarrod Kerr, chief economist at Kiwibank.Still-high inflation, 4% in Q1, well above the Bank's 1-3% targe

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Reserve Bank of New Zealand policy meeting preview - (still) hawkish hold expected ...Middle East

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