- New Zealand: RBNZ could hike again in April – UOB
Market news
4 April 2023
New Zealand: RBNZ could hike again in April – UOB
Economist at UOB Group Lee Sue Ann sees the RBNZ raising the OCR by 25 bps at the April 5 event ahead of a potential pause in the next months.
Key Quotes
“We now think the RBNZ will have to dial back on further rate hikes, especially in light of the looming policy-induced recession and surging migration domestically.”
“We are pencilling in a 25bps hike in the OCR to 5.00%, after which we expect a pause in the current tightening cycle.”
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