While the Reserve Bank of New Zealand discussed a pre-emptive rate hike at its meeting today, the Monetary Policy Committee signalled that the drag on economic activity from higher energy prices will keep spare capacity elevated for longer. Accordingly, we still believe that the Bank will start to tighten policy later than the financial markets are anticipating.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
