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12 Jun 2014
Odds of another RBNZ rate hike in July increase - ANZ
FXStreet (Bali) - Following the RBNZ decision to hike rates by 25bp to 3.25%, ANZ economists suspect that odds are now higher for another hike in July, an opinion shared by Westpac economists.
If a July rate hike were to also take effect, it would complete the 100bp increases ANZ had been projecting for the current year.
However, ANZ notes: “We think the Reserve Bank now needs a reason to pause, rather than a reason to hike and attention will turn to the currency (it has spiked) and Q2 CPI”
If a July rate hike were to also take effect, it would complete the 100bp increases ANZ had been projecting for the current year.
However, ANZ notes: “We think the Reserve Bank now needs a reason to pause, rather than a reason to hike and attention will turn to the currency (it has spiked) and Q2 CPI”