ANZ expect a more hawkish tone from the Reserve Bank of New Zealand next week

<p>The main point from ANZ's preview of the RBNZ meeting coming up next week:</p><p>We expect the RBNZ to keep the OCR unchanged at 5.5% at next
week’s Monetary Policy Review (MPR), while striking a more hawkish
tone.
</p><p>Data since the August Monetary Policy Statement (MPS) has overall
been stronger than anticipated, dairy prices aside. Potential wealth
effects from the reheating housing market are concerning.
</p><p>We continue to expect a hike at the November meeting and risks are
tilting towards even more being required in 2024.</p><p>Statement due next Wednesday at 2pm New Zealand time </p>

This article was written by Eamonn Sheridan at www.forexlive.com.