ASB, BNZ, Westpac, and ANZ are all now forecasting an interest rate rise from the Reserve Bank of New Zealand in November this year.

ICYMI, last week was an active one in New Zealand, all 4 of the largest banks in NZ making the call

Kiwibank have released its preview of this week's RBNZ policy meeting (July 14 - RBNZ policy meeting this week - shadow board evenly split on tighter policy)

Comments from Kiwibank (in brief from a much longer piece):

  • The RBNZ's dual mandates seek maximum employment, and stable inflation. The labour market may be full, of employment. And prices have risen sharply. House price growth is unsustainable also.
  • The need to normalise policy, or at least unwind some stimulus, is up for debate. The LSAP (QE) program will end, soon enough.
  • Rate hikes are coming. Although November feels too early to us.

RBNZ boyz about to start heading upstairs again real soon:

ASB, BNZ, Westpac, and ANZ are all now forecasting an interest rate rise from the Reserve Bank of New Zealand in November this year.