Previously forecast the RBNZ to raise its OCR in May 2019
- RBNZ's latest inflation outlook is too tepid
- Stronger inflation and lift in minimum wage will see wage inflation reach 2.5% by end of 2019
Seems to be a common theme these days with the RBA and the RBNZ that rate hike expectations continue to get pushed back. Not really a coincidence given that both economies are facing almost similar struggles to lift wage and inflationary pressures to where they want it to be.
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