BNZ says the RBNZ will leave the cash rate on hold at 3.5% until September 2015

Headlines on Bloomberg reporting on BNZ’s outlook for RBNZ rate hike schedule.

• BNZ says the RBNZ will leave the cash rate on hold at 3.5% until September 2015
• BNZ had previously called for the next hike in March 2015
• Forecasts 0.25% rises in September, October and December 2015
• BNZ says the reason is that the RBNZ will need to be confident that inflation is headed to over 2% before hiking again, and evidence for this won’t be clear until September 2015