New Zealand's RBNZ to Hold Rates at 2.25% This Week, But Internal Dissent Signals Possible

GateNews
According to ASB Bank, New Zealand's Reserve Bank is expected to hold the official cash rate at 2.25% this week, though dissent among policymakers may emerge. ASB senior economist Jane Turner noted the possibility of voting disagreements or dissenting views on the decision. While maintaining rates provides temporary relief for borrowers, ASB expects rate hikes ahead, with July viewed as the optimal timing to begin tightening without letting inflation escape the central bank's control.
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