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

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