Skip to content
RBNZ Monetary Policy Meeting scheduled for Wednesday November 24, 2021, preview


The Reserve Bank of New Zealand is on track for a rate hike at its meeting tomorrow.

  • 2 p.m. New Zealand time
  • which is 0100 GMT

Previous insights:

This now via ASB in Auckland, where, the analyst notes on the impacts of lockdwon:
  • It will literally pass 3 and a half months between drinks in Auckland’s hotel industry and other companies that experience prolonged pain.

ASB overview (at a glance):

  • For the record, we expect a 25bp increase and harsh rhetoric about rising inflation.
  • There isn’t much in there, but right now doesn’t look like the right time for a 50bp increase – despite signs of inflation. They may sound like words from the bowels of an Auckland COVID bunker, and to some extent, they are. It will literally pass 3 and a half months between drinks in Auckland’s hotel industry and other companies that experience prolonged pain. While a smaller increase in OCR by itself doesn’t make a big financial difference to a larger one, this is a time when it’s important to try not to weaken trust further.
  • Additionally, we are heading towards the unknowns of the COVID summer. It will take a little longer to find out how well the health care system is doing and whether a rollback of regained freedoms is needed – which has recently happened in Europe, for example.

Governor Orr will speak at a press conference following the statement:

Invest in yourself. See our forex education center.


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.