Westpac tipped a November hike earlier today:
The day before November calls were made by ASB and BNZ. It was quite the day in NZ on Tuesday:
- In bringing forward its forecast for an RBNZ rate hike in November, BNZ says the time to hike is now
- BNZ now forecast the REBNZ to hike its cash rate in November 2021
- Heads up for NZD traders - the next RBNZ Monetary Policy Review is July 14
- More on NZ banks calling RBNZ rate hikes sooner (ASB forecasting November this year)
- More RBNZ rate hike speculation - sooner rather than later
- ANZ in New Zealand are also calling for RBNZ rate hikes sooner
- NZD/USD on the rise after the QSBO and ASB's RBNZ cash rate hike call
- NZ bank ASB forecasts the RBNZ hiking its cash rate in November this year
- New Zealand QSBO for Q2 2021, business confidence headline 7% (vs. -13% prior)
- NZD traders - heads up for the GDT dairy auction coming up Tuesday London time
- Market pricing for an RBNZ November rate hike is above 70%
ANZ remarks on their change of call (in brief):
- With the market now 90% priced, the path to a higher OCR this year has been abruptly cleared. We have been highlighting the risk of it, but we are now formally picking a November kick-off on a journey to a 1.75% OCR by Feb 2023.
