Kiwibank has revised its rate-hike forecast for the RBNZ to 2% in November (2022)

Kiwibank economists expect the Reserve Bank of New Zealand official cash rate to hit 2% in November next year.

• from a prior forecast of 1.5%

Kiwibank economists see inflation continuing higher, with the latest CPI result to prompt further tightening from the Bank. The economists see the CPI hitting a peak at 6% .