Fundamental: RBNZ Preview: A 25bp hike but peak rate of 5.50% looks hard to reach

New Zealand's GDP dropped by 0.6% in the last quarter of 2022, greater than what the RBNZ had projected in its latest statement. Additionally, with disruptions from the North Island storms, we expect GDP growth and inflation to be negatively impacted in the first half of 2023. The housing market has also continued to deteriorate. Prices fell by 1% in ...     Alert Apr 3, 2023, 8:57pm Fundamental: RBNZ Preview: A 25bp hike but peak rate of 5.50% looks hard to reach New Zealand's GDP dropped by 0.6% in the last quarter of 2022, greater than what the RBNZ had projected in its latest statement. Additionally, with disruptions from the North Island storms, we expect GDP growth and inflation to be negatively impacted in the first half of 2023. The housing market has also continued to deteriorate. Prices fell by 1% in ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support