RBNZ – How high can hawks fly? NZDUSD

At its first meeting of the year, the RBNZ as expected, raised the Official Cash Rate by 25bp to 1% and reiterated that further hikes would be necessary. Providing a series of hawkish surprises, the RBNZ noted that the decision between a 25bp and 50bp hike was “finely balanced”, and it increased the OCR peak forecast by […]

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