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Westpac Chief Economist: RBNZ May Hike OCR Again in September, Target 2.75%-3% by Year-End

2026-07-08 03:15:14

According to Kelly Eckhold, chief economist at Westpac, the Reserve Bank of New Zealand may raise its official cash rate (OCR) again in September, with the central bank's policy committee appearing to signal further tightening ahead. On July 8, Eckhold noted that the committee "seems concerned that not hiking on Wednesday would allow financial conditions to ease further."

Eckhold added that the RBNZ "appears to continue viewing an OCR of 2.75%-3% by year-end as appropriate," suggesting sustained rate increases are anticipated in the coming months.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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