Westpac are forecasting a 75bp Reserve Bank of New Zealand rate hike on November 23

<p>Westpac revising thier call for the Reserve Bank of New Zealand at the November 23 meeting.</p><ul><li>expect +75bp rate hike</li><li>sees the RBNZ peak rate at 5% (prior 4.75%)</li></ul><p>Follows the skyrocketing CPI data today:</p><ul><li><a href="https://www.forexlive.com/news/nz-q3-cpi-22-qq-expected-16-20221017/" rel="follow" target="_self" class="vertical-align-baseline">NZ Q3 CPI 2.2% q/q (expected 1.6%)</a></li></ul><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/forecasts-for-rbnz-rate-hikes-are-being-ramped-higher-after-surging-inflation-report-20221017/" rel="follow" target="_self" class="vertical-align-baseline">Forecasts for RBNZ rate hikes are being ramped higher after surging inflation report</a> (ANZ, ASB, Kiwibank)</li><li><a href="https://www.forexlive.com/centralbank/bnz-are-now-forecasting-a-75bp-reserve-bank-of-new-zealand-rate-hike-on-november-23-20221017/" rel="follow" target="_self">BNZ are now forecasting a 75bp Reserve Bank of New Zealand rate hike on November 23</a></li></ul>

This article was written by Eamonn Sheridan at forexlive.com.