Despite the inflation figures, the consensus was still for the RBNZ to hike by 50bp tomorrow – until inflation expectations threw a spanner in the work. Central banks pay close attention to inflation expectations, as fear of higher prices can result in higher places as fear of missing out demand drives prices.
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RBNZ seen raising rates by historic 75 bps

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Despite the inflation figures, the consensus was still for the RBNZ to hike by 50bp tomorrow – until inflation expectations threw a spanner in the work. Central banks pay close attention to inflation expectations, as fear of higher prices can result in higher places as fear of missing out demand drives prices.

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