RBNZ Review: Steady as She… Oh Wait!

<p>OCR remained at 5.5% as Westpac and the market had expected. The RBNZ’s forecasts for near term growth have been revised up, and its OCR profile revised higher to 5.6% between December 2023 and June 2024, implying around a 40% chance of a further rate hike to 5.75%. The RBNZ has revised up its assumption […]</p>
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