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RBNZ to accelerate tightening cycle with 50bp hike

Inflation is set to exceed the RBNZ’s forecasts yet again this year. With the Bank becoming increasingly worried that soaring inflation will dislodge inflation expectations, we think it will hike rates by 50bp at its upcoming meeting on 14th April and follow up with another 50bp hike in May.
Ben Udy Australia and New Zealand Economist
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