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NZ Rate Hike Bets Dialed Back on US-Iran Peace Progress

NZ Rate Hike Bets Dialed Back on US-Iran Peace Progress
Bloomberg Markets Monday 29 June 2026, 19:00 UTC By Tracy Withers 1 min read
Key Points

NZ Rate Hike Bets Dialed Back on US-Iran Peace Progress New Zealand economists are dialing back expectations for a Reserve Bank interest-rate increase next week, saying early signs of peace between the US and Iran have eased inflation risks enough to justify keeping borrowing costs on hold. ASB Bank and Kiwibank now say the RBNZ should hold the Official Cash Rate at 2.25% on July 8, while Westpac always expected no change. ANZ Bank and BNZ continue to say a move higher to 2.5% is needed next...

NZ Rate Hike Bets Dialed Back on US-Iran Peace Progress New Zealand economists are dialing back expectations for a Reserve Bank interest-rate increase next week, saying early signs of peace between the US and Iran have eased inflation risks enough to justify keeping borrowing costs on hold. ASB Bank and Kiwibank now say the RBNZ should hold the Official Cash Rate at 2.25% on July 8, while Westpac always expected no change. ANZ Bank and BNZ continue to say a move higher to 2.5% is needed next week.
NZ Rate Hike Bets (ORG) US (LOCATION) Reserve Bank (ORG) Iran (LOCATION) ASB Bank (ORG) Kiwibank (ORG) RBNZ (ORG) Westpac (ORG) ANZ Bank (ORG) BNZ (ORG)
Originally published by Bloomberg Markets Read original →

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