New Zealand bank ASB now forecasting an August RBNZ cash rate hike

Last week ASB shifted their projection to a November cash rate, the first of the big 4 New Zealand banks to do so.

Following today's more hawkish Reserve Bank of New Zealand ASB have now shifted their forecast even close, to August (RBNZ meeting is August 18)

Earlier from ASB:

• New Zealand - ASB raises mortgage rates (comes prior to the RBNZ policy announcement today)

From Westpac meanwhile:

• still forecasting November rate hike
• say the chance of an August hike have risen

Today in New Zealand:

• ForexLive Asia FX news wrap: RBNZ announcement sends the NZD higher
• NZD/USD higher after the RBNZ tilts more hawkish than was expected
• RBNZ policy decision minutes: 'least regrets' decision is reducing some support sooner
• RBNZ policy announcement - says level of stimulus to be reduced

RBNZ schedule ahead: