Reported about 1 year ago
New Zealand's Reserve Bank is anticipated to keep the Official Cash Rate at 5.5% for the eighth consecutive meeting, showing a hawkish stance amidst a weakening economy. Despite expectations of rate cuts later in the year, the RBNZ's focus on inflation might disappoint those seeking immediate easing, especially as recent data indicates economic contraction. While some economists foresee a dovish pivot in the near future due to weakening economic indicators, the bank is likely to maintain its current stance in the upcoming policy review.
Source: YAHOO