“Less Hawkish” RBA Weighs on AUD/NZD

When the RBNZ met on October 5th, it hiked rates by 50bps to bring the Official Cash rate to 3.5%.  It had debated raising 75bps, but ultimately decided on only a 50bps hike.  Since then, New Zealand released its Q3 CPI at 7.2% YoY, down slightly from 7.3% YoY the prior quarter.  However, expectations were […]

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