WebApr 10, 2024 · Bloomberg Economics sees the 50-bp hike in April as the RBNZ’s final move this cycle, though the central bank’s tough inflation stance points to a material risk of a further 25-bp hike in May. WebApr 6, 2024 · Our RBA paused, the RBNZ did yet another 50-pointer – what our overly-hysterical media calls a double rate hike. Further, NZ went to 5.25 per cent – way, way higher than our RBA’s 3.6 per cent.
RBNZ Set To Hike Rates By 25 Bps In April & May
WebFeb 16, 2024 · Over three-quarters of respondents, 20 of 25, in a Feb. 13-16 Reuters poll said the RBNZ would go for a 50 basis point hike next week, taking the official cash rate to 4.75%, following a jumbo 75-basis point hike in November. The remaining five economists expected a second successive 75-basis point move at the Feb. 22 policy meeting. WebApr 4, 2024 · Economists are divided on the likelihood of additional tightening after today's expected hike. While some anticipate the RBNZ will emphasize the need for further rate hikes to achieve its 1-3% inflation target, others are less convinced. Currently, RBNZ dated OIS is pricing in an additional 25bp of tightening (assuming a 25bp hike today) by July. fncs recompense
Time will tell if NZ’s aggressive rate hikes work best
Webmanufacturing employment gauge was lowest since July 2024. The continuing contraction in manufacturing sector caused a drop in yields and put pressure on further Fed rate hike. However, James Bullard, St.Louis Fed President reiterated that Fed rates need to be ... JPY/THB 25.78 25.96 25.76 0.81% EUR/THB 37.26 37.45 37.17 0.76% GBP/THB 42.41 42. ... WebJul 12, 2024 · NZ bank ASB forecasts the RBNZ hiking its cash rate in November this year. New Zealand QSBO for Q2 2024, business confidence headline 7% (vs. -13% prior) Market pricing for an RBNZ November rate ... WebAug 14, 2024 · NZD: Citi RBNZ cash forecast; 0.50%, Previous; +0.25% - Citi analysts now expect the RBNZ to increase the cash target for the first time since July 2014, this week. … green thumb pole pruner parts