The NZIER Monetary Policy Shadow Board has recommended that the RBNZ raise its Official Cash Rate by 25bps from 2.75% to 3.00% at Wednesday’s monetary policy review, with a majority supporting another increase amid renewed inflation risks. The recommendation reflects concerns that higher global energy prices and NZD depreciation could push inflation expectations higher and […]
The post NZIER Shadow Board Backs RBNZ Hike to 3.00%, but Divides Over Further Tightening appeared first on ActionForex.
