Dovish RBNZ Hike Weighs – BBH
The central bank said inflation is still sticky and projected the cash rate at 2.81% in December, signaling more increases may follow.
7 Articles
7 Articles
Dovish RBNZ hike weighs – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the New Zealand Dollar (NZD) underperformed after the Reserve Bank of New Zealand (RBNZ) delivered a 25 bps hike to 2.75% but signaled reduced need for further tightening. Haddad notes the RBNZ’s virtually unchanged OCR path peaking near 3.25% contrasts with market pricing near 4.00%, leaving room for […] The post Dovish RBNZ hike weighs – BBH appeared first on The New York Ledger.
(Teleborsa) - The New Zealand Reserve Bank, in line with forecasts, raised the official interest rate by 25 basis points, bringing it to 2.75%. The new forecasts of the central bank report the...
The Reserve Bank of New Zealand, RBNZ, raised its policy rate by 25 basis points to 2.75 percent on Wednesday.
RBNZ Delivers Second Straight Hike, Yet NZD Falls on Gradual Tightening Signal - ActionForex
RBNZ raised OCR by 25bp to 2.75% on Wednesday, continuing what it described as a process of “gradually removing monetary stimulus” as inflation remains above target. Committee reached decision by consensus and said current approach reduces risk that rates need to rise more aggressively later. Yet NZD sold off sharply after announcement, suggesting markets viewed […] The post RBNZ Delivers Second Straight Hike, Yet NZD Falls on Gradual Tightening…
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