Westpac: The Reserve Bank of New Zealand is expected to start raising interest rates in September

金十2026/06/25 04:12

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```htmlGolden Ten Data reported on June 25 that Westpac Bank stated it expects the Reserve Bank of New Zealand is unlikely to raise rates as aggressively as initially anticipated. The early resolution of the Iran conflict means inflation prospects will be weaker and economic recovery will come sooner. Westpac Bank expects the Reserve Bank of New Zealand to begin raising rates in September, but will only raise rates one more time for the remainder of the year. This implies that the official cash rate will peak at 4.0% by the end of 2027, before falling back to a neutral level of 3.75% by the end of 2028. Previously, Westpac Bank had expected that rate to reach as high as 4.25%. Westpac Bank wrote: “Our core outlook suggests the Reserve Bank of New Zealand will raise rates one fewer time this year than our recent forecast, but one more time than our forecast before the conflict.”```

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