ANZ Bank forecasts that the Reserve Bank of New Zealand will raise interest rates for three consecutive times

Golden Ten Data reported on April 13 that ANZ currently expects the Reserve Bank of New Zealand to raise interest rates by 25 basis points consecutively in July, September, and October, raising the official cash rate to 3%. As inflation is bound to rise, keeping the official rate at a stimulative level is expected to make the Reserve Bank of New Zealand uneasy. ANZ Chief Economist Sharon Zollner stated that this rate hike move would be very strong, so ANZ no longer predicts that the official rate needs to be raised to 3.5%. She added that once the rate is raised to 3%, it will be maintained at 3%.