The New Zealand central bank has kept interest rates unchanged for a second straight meeting at 5.5% levels but has indicated a risk it may need to raise them further to tame inflation.
- Inflation remains very high
- The risk in the next few months is that activity may be stronger than expected
- Ready to work through data noise in the near term
- There wasn't much discussion about a rate cut and a steady consensus was easily forged.
- A consensus on the suspension decision was easy to reach
- We're very comfortable with where the current interest rates are
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