RBNZ leaves Official Cash Rate at 5.5%, but says domestic inflation is slow to fall and now puts a 60% chance of a further OCR hike by the end of this year; now doesn't see inflation getting back under 3% till the fourth quarter of the year
NZD Central Bank Maintains Rates: RBNZ holds rates at 5.50%, hints at possible hike due to high inflation. NZD spikes but retreats; rate cuts pushed back.