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Liam Dann is business editor-at-large for the New Zealand Herald. He is a senior writer and columnist, and also presents and produces videos and podcasts. He...
RBNZ dealing with persistent inflation
We don't expect any significant change to the RBNZ's "Watch, Worry and Wait" strategy it has been following since the May 2023 Monetary Policy Statement.
Westpac economics sees the RBNZ leaving the OCR at 5.5% at the February Monetary Policy Statement and adopting a hawkish outlook for the OCR.
Above consensus US PPI data raised concerns the downshift in core prices has stalled. UST yields higher with 10-year back towards the highs for 2023. University of Michigan inflation expectations fell