ANZ Bank: Reserve Bank of New Zealand is expected to focus on risk management considerations and raise interest rates

Golden Ten Data reported on July 1 that ANZ economist Sharon Zollner stated that, given the uncertain period faced by the Reserve Bank of New Zealand, it may focus primarily on risk management in its policy meeting next week and raise the official interest rate by 25 basis points. She pointed out that the official interest rate is still 75 basis points lower than the Reserve Bank of New Zealand's central estimate of the neutral rate. She added that, as the economic environment is favorable, the New Zealand dollar is weaker than expected, and inflation is likely to remain above the target range for some time, it is a wise move for the Reserve Bank of New Zealand to implement a rate hike.