UBS changes its call on the RBNZ – to hike in May ’19 (from Nov. ’18)

UBS had been forecasting an rate hike by the Reserve Bank of New Zealand in November of 2018

• Now pushed that back to May of 2019
• Citing underlying inflation pressures  – middle of 2019 before they are a credible threat to the target mid-point

RBNZ will want to see proof inflation is rising due to their new mandate and governor

Note comes via Bloomberg