📑🇳🇿 Monetary Policy: Westpac expects the RBNZ to keep the interest rate at 2.25% 🏛️📉
The financial firm Westpac projects that the Reserve Bank of New Zealand (RBNZ) will keep its Official Cash Rate unchanged at 2.25% at its monetary policy meeting 📊.
According to Jin10, Westpac said that the rapid drop in oil prices has eased inflationary pressures, giving the central bank more time to assess economic performance before receiving key macroeconomic data after the July meeting 📉🔍.
However, they estimate that the RBNZ will maintain a bias toward possible rate hikes toward the end of the year.
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