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ANZ Bank: Reserve Bank of New Zealand Has Significantly Shifted Toward a Rate Hike Stance, Expecting Three Rate Hikes This Year
Jin10 Data, May 27 — The Reserve Bank of New Zealand kept the official cash rate (OCR) unchanged at 2.25% on Wednesday, but ANZ Bank stated that the Reserve Bank of New Zealand "has clearly become very inclined toward a rate hike." The decision was a 3-3 tie, with Reserve Bank Governor Berman casting the decisive vote. At the same time, the published interest rate path chart shows that the pace of future increases in the official cash rate will be faster than previo