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The continued strength in inflation will encourage the Reserve Bank of New Zealand to hike the overnight cash rate by 75bp in November and to 5.0% by mid-2023. And with the financial markets sharply repricing the peak in the cash rate, a further surge in mortgage rates will deepen the housing downturn.
Drop-In: We’ll be discussing Australia’s monetary policy outlook shortly after the Q3 CPI release on Wednesday, 26th October. Register here to join the online briefing.
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