Another New Zealand bank forecasts an August rate hike from the RBNZ

Kiwibank joins in on the August Reserve Bank of New Zealand rate hike call.

Data earlier showed hot inflation:

• NZ CPI Q2 2021 1.3% q/q (vs. expected 0.8%) and 3.3% y/y (vs. expected 2.8%)

The next RBNZ meeting is August 18: