New Zealand economy receives double boost, but central bank rate hike expectations persist

智通财经2026/08/18 07:06

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(1) Kiwibank Chief Economist Jarrod Kerr pointed out that inflation expectations have fallen significantly, which means the Reserve Bank of New Zealand can pause interest rate hikes and shift to a wait-and-see approach next year. (2) The July manufacturing activity data further improved, with the manufacturing index now above the long-term average, and despite a weak New Zealand dollar, this momentum is expected to continue. (3) However, in the short term, the Reserve Bank of New Zealand is still likely to raise the official overnight cash rate to 3%, as the rate hike process is not yet over.

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