The Reserve Bank of New Zealand (RBNZ) held its cash rate at 2.50% overnight, as expected. In its guidance on future moves, the RBNZ stated that it would tighten in “coming months”, which means either June or July. It is not far from a coin-toss, but we still anticipate a July move.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.