Westpac chief economist Kelly Eckhold said the RBNZ may raise the official cash rate (OCR) again in September, adding the MPC is signaling further tightening. She said the committee appears concerned that skipping a hike on Wednesday would loosen fin

2026-07-08

Westpac chief economist Kelly Eckhold said the RBNZ may raise the official cash rate (OCR) again in September, adding the MPC is signaling further tightening. She said the committee appears concerned that skipping a hike on Wednesday would loosen financial conditions, and continues to view a year-end OCR of 2.75%-3% as reasonable.