RBNZ Signals December for Next Rate Hike, Pushing Back October Expectations

The Reserve Bank of New Zealand (RBNZ) has indicated that its next interest rate hike is more likely to occur in December rather than October, despite having raised rates for a second consecutive meeting this week. This guidance, reported by Bloomberg via Assistant Governor Karen Silk, has shifted market expectations, with swaps now pricing only a 31% chance for an October hike compared to certainty by December.