TODAY'S MARKET INTELLIGENCE
RBNZ September hike to 2.75% nearly certain, October path data-dependent
English summary
Westpac expects the RBNZ to hike 25bp to 2.75% on September 2, likely unanimously, with OCR at 3% by year-end and peak around 3.3%. It remains data-dependent on October, with hawkish and dovish scenarios each at 10-15% probability.
The English text is machine translated and may require verification against the Chinese version.
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