RBNZ MPC member Gourley says rates likely to rise sooner rather than later

RBNZ MPC member Gourley says rates likely to rise sooner rather than later

New Zealand interest rates are expected to rise "sooner rather than later", Reserve Bank of New Zealand Monetary Policy Committee member Hayley Gourley said, ​after voting to hike at this week's finely balanced policy meeting.

RBNZ Hawks Signal Rate Hikes Are Coming, July Meeting Now Live - ActionForex

Fresh comments from senior Reserve Bank of New Zealand officials today reinforced the hawkish message delivered at this week’s policy meeting, strengthening the case that interest rate hikes are approaching and putting the July meeting firmly in play. While the RBNZ left the Official Cash Rate unchanged at 2.25%, the decision was split 3-3, with […] The post RBNZ Hawks Signal Rate Hikes Are Coming, July Meeting Now Live appeared first on ActionF…

NZD/USD: RBNZ Decision Strengthens Expectations of Further Rate Hikes

Fundamental backdropOn 27 May, the Reserve Bank of New Zealand kept the Official Cash Rate (OCR) unchanged at 2.25%, in line with market expectations. However, the decision proved finely balanced: the Monetary Policy Committee voted 3–3, with the final decision resting with Governor Anna Brehman.In its updated rate projection path, the regulator signalled that the OCR could rise to around 2.8% by the end of the year, implying several rate hikes …