{"id":575511,"date":"2026-07-30T13:45:09","date_gmt":"2026-07-30T13:45:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/575511\/"},"modified":"2026-07-30T13:45:09","modified_gmt":"2026-07-30T13:45:09","slug":"new-zealand-dollar-business-survey-supports-rbnz-hikes-bbh","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/575511\/","title":{"rendered":"New Zealand Dollar: Business survey supports RBNZ hikes \u2013 BBH"},"content":{"rendered":"<p>Brown Brothers Harriman\u2019s (BBH) Elias Haddad notes the New Zealand Dollar (NZD) is stronger against major currencies, with local bonds underperforming as domestic data improve. The ANZ July business <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">outlook<\/a> survey points to ongoing Gross Domestic Product (GDP) recovery, while above-target inflation and firmer growth support expectations for further Reserve Bank of New Zealand (RBNZ) rate hikes priced into the swaps curve.<\/p>\n<p>Stronger data lift New Zealand Dollar<\/p>\n<p>&#8220;NZD is up against all major currencies and New Zealand bonds underperformed peers. The ANZ July business outlook survey was good, and indicative of an ongoing recovery in real <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">GDP<\/a> growth.&#8221;<\/p>\n<p>&#8220;Business confidence increased 19.5 points in July to a five-month high of 56.1, while Activity outlook rose 12.4 points to a five-month high of 49.3.&#8221;<\/p>\n<p>&#8220;Above target inflation and a more favorable domestic growth outlook argue for additional RBNZ rate hikes which is NZD supportive.&#8221;<\/p>\n<p>&#8220;The swaps curve price in 60bps hikes by year-end and a total of 100bps of tightening over the next twelve months to 3.50% &#8211; near the top of the RBNZ estimated neutral range (2.20%-4.10%).&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Brown Brothers Harriman\u2019s (BBH) Elias Haddad notes the New Zealand Dollar (NZD) is stronger against major currencies, with&hellip;\n","protected":false},"author":2,"featured_media":575512,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-575511","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/575511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=575511"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/575511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/575512"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=575511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=575511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=575511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}