RBNZ finally set to hike rates

New Zealand has slowed the spread of the Delta variant and eased its lockdown, which stopped the RBNZ from hiking in August. And the RBNZ still seems keen to hike rates given the red-hot economy. We expect the RBNZ to launch a tightening cycle at its upcoming meeting on Wednesday 6th October with a 25bp rate hike. Our forecast is that rates will reach 1.50% by the middle of next year.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.