RBNZ to Hold in August; But a Hike Still Likely Before Year End

<p>We continue to see the RBNZ raising the cash rate to 5.75%, but in November instead of August. Evidence has accumulated suggesting persistent inflation pressures as feared. The economy is slowing from a very overheated position but is still growing. Even so, recent data have likely not been strong enough to overcome the RBNZ’s strong […]</p>
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