The Reserve Bank of New Zealand is expected to come quickly to a decision to keep interest rates on hold at its policy meeting on Wednesday, but the central bank is nevertheless set to wrestle with the problems of sticky inflation at a time of increasing financial stress. The consensus heading into the meeting is that the official cash rate will be held at 5.5%, but there could be dovish tweaks to the outlook. "The RBNZ has likely passed the peak in the cash rate hiking cycle. However, now it is confronted by a complex policy trade-off balancing sticky domestic inflation, against clear signs of broadening ... (full story)