ASB forecasts the RBNZ will raise rates again in July

ASB forecasts the RBNZ will raise rates again in July (had previously forecast nothing further until December).

ASB responding to this morning’s news, headline via Bloomberg.

More detail from client note:

• sees a 60% chance of July rate hike
• “The latest MPS forecasts have taken into account a number of factors pointing to weaker inflation pressures, yet the RBNZ’s 90-day track is virtually unchanged”

ASB was formerly Auckland Savings Bank, now renamed to ASB