Flash: Case building for a 25bp RBNZ rate hike in January – ANZ
FXstreet.com (Barcelona) – ANZ Economists think that the case is building for a 25bp rate hike in New Zealand next January.
“The dataflow is one way, and while the risk profile – not least around the NZD and global scene – will ensure a cautious hiking cycle, the RBNZ will not want to get behind the curve and the Governor needs to get his inflation fighting credentials cemented. Data this week is expected to remain strong, while GDP revisions will improve the look of New Zealand’s external position.”
“The NZD remains caught in a tug-of-war between cyclical economic support domestically …read more