The New Zealand dollar is nearing a three-month high against the Australian dollar and could be heading for the high A90c as inflation grows. “The Reserve Bank is considering hiking rates in 2022, whereas the Reserve Bank of Australia reiterated this week that it's not likely to hike rates until 2024,” he said. (Published June 4, 2021)On Wednesday night, the US Federal Reserve indicated inflation risks were to the upside, but it still “generally expected inflation to ease” once a few transitory factors had let up. The European Central Bank also gave itself a little more inflationary headroom, raising its inflation target to 2 per cent. ASB expects the Reserve Bank to start moving the official cash rate up in November.

Source: Stuff July 08, 2021 05:09 UTC