RBNZ signals impending rate rise

asiapacific

The Reserve Bank of New Zealand (RBNZ) will raise its official cash rate (OCR) "soon" as inflationary pressures continue to build but, for the time being, will keep it on hold at 2.5%.

Annual CPI inflation rose to 1.6% in the third quarter of 2013 and governor Graeme Wheeler warned in today's monetary policy statement that "inflationary pressures are expected to increase" over the next two years.

Wheeler first hinted in October that a rate rise would "likely be required in 2014". Today he

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.