What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures.
Background: Westpac has released its latest Economic Overview. Chief economist Kelly Eckhold suggested no further hikes were needed this year. ANZ pencils in two more to 6%.
Key players: Westpac, Kelly Eckhold, ANZ, Sharon Zollner, RBNZ, Adrian Orr.
Businesses and households look set to hunker down this year to cope with high interest rates, while the RBNZ keeps the official cash rate on hold, according to Westpac.
Chief economist Kelly Eckhold, in the bank's latest economic overview report,said the central bank would probably stick to the
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Key points
What’s at stake:Whether the RBNZ needs to hike the official cash rate again in 2024 because of stubborn inflation pressures.
Background: Westpac has released its latest Economic Overview. Chief economist Kelly Eckhold suggested no further hikes were needed this year. ANZ pencils in two more to 6%.
Key players: Westpac, Kelly Eckhold, ANZ, Sharon Zollner, RBNZ, Adrian Orr.
