UBS changes its call on the RBNZ - to hike in May '19 (from Nov. '18)

Author: Eamonn Sheridan | Category: Central Banks

UBS had been forecasting an rate hike by the Reserve Bank of New Zealand in November of 2018

  • Now pushed that back to May of 2019
  • Citing underlying inflation pressures  - middle of 2019 before they are a credible threat to the target mid-point
RBNZ will want to see proof inflation is rising due to their new mandate and governor

Note comes via Bloomberg