TD Securities are tipping the Reserve Bank of New Zealand (RBNZ) to raise interest rates again.
TD project a rate hike at the Bank's meeting this week, on February 28, and again at the May meeting
ANZ are tipping the same:
TD cite last week's Q1 Household Inflation expectations data, saying the high expectations is too difficult for the RBNZ to ignore. You'll recall the big jumps in 2-year and 5-year expectations, raising the dangers of expectations not being anchored:
---
So far I've seen ANZ and now TD tipping a cash rate hike from the RBNZ this week. ASB and KiwBank are expecting on hold.
- ASB says RBNZ interest rate hike next week is a real possibility - sees a November cut
- RBNZ meet next week, their bark is likely to be worse than their bite - no hike expected
![rbnz ocr 16 February 2024 2](https://images.forexlive.com/images/rbnz%20ocr%2016%20February%202024_id_ab797d87-f0ed-464b-ab9b-40d303ed124b_original.jpg)