Low impact

Economists expect New Zealand's central bank to raise its official cash rate to 3% next week, on October 28, as Q4 inflation is forecast to accelerate above 4%.

Jin1010/23, 06:59 AM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

NZD
Would push up
DaysMedium confidence
Expected OCR hike to 3% on inflation forecast above 4% could lift NZD if the RBNZ confirms it.

What could change this

If the RBNZ holds or hikes less than expected, or Q4 inflation undershoots the forecast above 4%, the NZD-supportive read weakens.

0.5702+0.33%vs previous close

+0.36%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.

This story

10/23, 03:55 AM10/24, 03:55 AM