RBNZ seen as able to raise rates further; cycle may be shallow
Capital Economics’ Abhijit Surya says the RBNZ could raise rates again, but expects the tightening cycle may be shallow. He notes the bank hiked as expected while tempering expectations for further tightening.
The Reserve Bank of New Zealand could raise rates further, but its tightening cycle may be shallow, Capital Economics' Abhijit Surya says in commentary. "The RBNZ hiked rates as expected, but tempered expectations for further tightening," the senior APAC economist says.
The RBNZ's "messaging sounde…