Reuters poll: RBNZ rate outlook
Tonight the New Zealand central bank held its benchmark cash rate steady at a record low 2.5%, but said higher rates are likely in the near future to fight inflationary pressures from the housing and building sectors.
What to expect from RBNZ now?
15 economists, surveyed by Reuters, expect the RBNZ to raise cash rate by 25 bps to 2.75 pct at the March meeting. RBNZ is seen raising the rate by 100 bps to 3.5% by the end of 2014.