According to CoinMeta, Westpac Bank expects the New Zealand Reserve Bank (RBNZ) to continue raising interest rates this week, citing significant upside risks to inflation in the near term and leaving room for further rate hikes. It is anticipated that the RBNZ will raise rates by 25 basis points again in December, followed by another increase in February next year, bringing the official cash rate to 3.5%, which is roughly the neutral interest rate level estimated by the RBNZ. By then, Westpac Bank expects the RBNZ to slow down the pace of rate hikes.