RBNZ meet on Wednesday – previews

The Reserve Bank of New Zealand will announce its latest monetary policy decision at 2pm New Zealand time on February 29.

• Which is 0100 GMT and 2000 US Eastern time (on the 27th for the US)

Earlier previews:

• New Zealand’s Reserve Bank set to raise interest rates, TD and ANZ forecasts align

• ANZ says the RBNZ has no tolerance for delays in the return of inflation to target

• ASB says RBNZ interest rate hike next week is a real possibility – sees a November cut
• RBNZ meet next week, their bark is likely to be worse than their bite – no hike expected
• Reserve Bank of New Zealand meet this week (Feb 28) – preview

The tally so far is ANZ and TD expect a 25bp rate hike from the Bank. ASB, KiwiBank and BNZ are all expecting an on hold decision.

Adding in now Westpac and UBS, in very brief:

• WPAC expect an on hold decision, and add that the next move they are expecting from the RBNZ is a rate cut in February of 2025
• UBS are expecting an RBNZ on hold decision tomorrow

The Reserve Bank of New Zealand rate hike cycle … so far

This article was written by Eamonn Sheridan at www.forexlive.com. Source