RBNZ raises rate track, signaling additional rate hike

<p><img width="573" height="302" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-nz1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>RBNZ decided to keep the Official Cash Rate steady at 5.50%, aligning with market expectations. However, a significant aspect of their announcement is the upward revision of their “rate track.” According to the bank’s forecasts in the Monetary Policy Statement, OCR is expected to peak at 5.70% in Q2 of 2024 and maintain this level […]</p>
<p>The post <a href="https://www.actionforex.com/live-comments/529377-rbnz-raises-rate-track-signaling-additional-rate-hike/">RBNZ raises rate track, signaling additional rate hike</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>