RBNZ Expected to Hold Rates in September on Softer Inflation

Commerzbank analyst Volkmar Baur argues that softer New Zealand inflation data make a September rate hike by the Reserve Bank of New Zealand unlikely after July.

The central bank is therefore expected to keep its policy rate on hold. The view points to a less hawkish near-term stance from the RBNZ, leaving the New Zealand dollar sensitive to upcoming data and policy signals.