In an unexpected move, RBNZ raised the Official Cash Rate by 50bps to 5.25%, doubling the anticipated 25bps hike. This bold step reflects the central bank’s concerns about persistently high inflation and employment levels. The RBNZ statement highlighted that “inflation is still too high and persistent, and employment is beyond its maximum sustainable level.” Despite […]
The post RBNZ hikes 50bps after considering a 25bps move too appeared first on Action Forex.
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