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RBNZ will hike rates all the way to 4.5%

With GDP growth holding up and food inflation climbing to a fresh high, the Reserve Bank of New Zealand will hike rates by another 50bp to 3.5% at its upcoming meeting on 5th October. And with the Bank prepared for a sharp slowdown in activity while inflation has yet to moderate, we now expect the Bank to hike rates to a peak of 4.5% by April.

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