New Zealand Keeps Rates Unchanged, Forecasts Risk of Hike
In a widely expected move, the Reserve Bank of New Zealand have kept the Official Cash Rate at 5.5 per cent at its November meeting.“On balance, recent data will have left the RBNZ more comfortable with an ‘on hold’ stance. Notably, price data indicates that imported inflation is easing faster than previously anticipated,” said analysts at Westpac ahead of the decision.