Westpac have raised their forecast for the RBNZ terminal rate to 4.5% (from 4%)

WPAC's projection for the peak cash rate from the Reserve Bank of New Zealand.

The RBNZ meet next week, Wednesday the 5th October. a 50bp rate hike is widely expected. The current RBNZ cash rate is 3.0%.

I'll have previews upon approach to this next week.

Earlier posts of relevance:

• RBNZ's Orr: New Zealand's tightening cycle is very mature
• RBNZ's Orr said still some work to do but tightening cycle already very mature