The Markets

Kiwi flies on stonking inflation

Monday 18th of October 2021

Economists expect the central bank will take its foot off the accelerator in an effort to rein in the 4.9% annual pace of inflation in the September quarter, with traders pricing in a 50% chance of the RBNZ hiking the official cash rate half a percentage point to 1% in November.

“It was a stonkingly strong print,” said Imre Speizer, head of NZ strategy at Westpac. “The...

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