Reserve Bank of New Zealand faces market bets on several OCR hikes

7 articles · Updated · Mortgage Professional · May 11

Pricing implies multiple 25-basis-point increases over the next year, with ANZ and ASB seeing moves from July and Westpac from September, while Kiwibank argues for no change.
Markets are reacting to Middle East war-driven oil disruption, with Brent near $100 a barrel, even as weak domestic demand, 5.3% unemployment and subdued wage growth cloud the outlook.
The 27 May Monetary Policy Statement, inflation expectations and price data will test the hiking narrative, while housing remains soft with subdued sales, modest price moves and tighter borrowing conditions.

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