12 Dec 2013
Flash: RBNZ indicate rates will rise - Rabobank
FXstreet.com (London) - A research team at Rabobank said that overnight the RBNZ gave a clear indication that rates will rise in 2014.
Key quotes:
“…while leaving them on hold today, stating that “the bank will increase the official cash rate as needed in order to keep future average inflation near the 2% target midpoint.”
“Governor Wheeler repeated that message in person in testimony later, noting that the economy was growing at above a 3% rate, that inflation pressures were expected to continue to increase, and that house price inflation was seen remaining high”.
Key quotes:
“…while leaving them on hold today, stating that “the bank will increase the official cash rate as needed in order to keep future average inflation near the 2% target midpoint.”
“Governor Wheeler repeated that message in person in testimony later, noting that the economy was growing at above a 3% rate, that inflation pressures were expected to continue to increase, and that house price inflation was seen remaining high”.