News
🚨 🇳🇿 RBNZ holds at 2.75% in 4-3 split but flags hikes ahead, 🇦🇺 Australian CPI runs hot
🚨 🇳🇿 RBNZ holds at 2.75% in 4-3 split but flags hikes ahead, 🇦🇺 Australian CPI runs hot
- 🇳🇿 The RBNZ left the official cash rate at 2.75% at , against a 25bp hike to 3.00% that most had expected, on a 4-3 vote, with three members backing a hike
- 🇳🇿 The record says further rate rises remain possible, and flags that high refined fuel costs and a weaker currency could spread inflation more broadly
FO view: A hawkish hold rather than a dovish one: the split vote and Breman's guidance keep NZ hikes alive, while a hot Australian headline print adds to the case that energy-driven inflation is spreading across the region, which leans against rate.
Not investment advice.