RBNZ tightening cycle shows no signs of slowing

Rising interest rates have started to weigh on house prices and sentiment. But inflation is probably still rising and the labour market is still tightening. On that basis we expect the RBNZ to hike rates by another 50bp to 2.50% at its meeting on Wednesday 13th July 2022. And we think the Bank will keep hiking rates to a peak of 3.50% by the end of this year.

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