Jun
07
New Zealand Rate-Cut Bets Cool With Housing ‘Going Nuts’
By-
RBNZ may revise up inflation forecasts as fuel prices rise
-
Economists still expect Wheeler to lower rates in August
Bets are waning on a New Zealand interest-rate cut this week as the Reserve Bank faces renewed pressure in the housing market and the prospect of faster inflation.
Investors see a 32 percent chance that Governor Graeme Wheeler will lower the official cash rate to 2 percent Thursday in Wellington, according to swaps data compiled by Bloomberg. That’s down from 80 percent a month ago. Many economists have also swung away from a cut, with 10 of 17 in a Bloomberg survey now predicting the rate will be held at 2.25 percent…
New Zealand Rate-Cut Bets Cool With Housing ‘Going Nuts’
