- Economists expect the RBNZ to raise the Official Cash Rate to 3% on Wednesday next week, a majority of economists say.
- Many analysts see inflation accelerating well above 4% in Q4, after edging lower in Q3.
- Analysts see inflation potentially staying outside the RBNZ's 1-3% target band for longer than the central bank previously projected.
- Rising fuel prices and a weak currency drive the inflation outlook.
Quotes
“will need to move aggressively to raise interest rates if it wants to contain inflation”