RBNZ +50 or +75 cash rate hike this week - the larger one would prop up the kiwi $

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RBNZ +50 or +75 cash rate hike this week - the larger one would prop up the kiwi $

<p>The Reserve Bank of New Zealand meet this week, on Wednesday 23 November 2022 (local time).</p><p>Earlier:</p><p class="article-slot__title title top"><a href="https://www.forexlive.com/centralbank/rbnz-shadow-board-majority-view-is-for-a-75bp-interest-rate-hike-cash-rate-to-425-20221120/" rel="follow" target="_self" class="article-link">RBNZ Shadow Board majority view is for a +75bp interest rate hike (cash rate to 4.25%)</a></p><ul><li><a href="https://www.forexlive.com/centralbank/rbnz-meet-next-week-preview-likely-to-deliver-an-outsized-75bps-hike-to-425-20221116/" rel="follow" target="_blank" class="article-link" data-article-link="true">RBNZ meet next week - preview - "likely to deliver an outsized 75bps hike to 4.25%"</a></li><li><a href="https://www.forexlive.com/centralbank/poll-shows-most-analysts-expect-a-75bp-rate-hike-from-the-rbnz-next-week-20221117/" rel="follow" target="_blank" class="article-link" data-article-link="true">Poll shows most analysts expect a +75bp rate hike from the RBNZ next week</a></li></ul><p>This from Danske on the decision and the NZD.</p><p class="western" align="left"> This is via the folks at eFX.  </p><p class="western" align="left"> For bank trade ideas, <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" target="_blank">check out eFX Plus</a>. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" target="_blank">Get it here</a>.  </p><ul><li>Danske Research discusses the expectations for next week's RBNZ policy meeting.</li><li>"Next week, antipodean markets will focus on the RBNZ meeting on Wednesday, where in contrast to other G10 central banks, consensus expects RBNZ to up the hiking pace to 75bp (from 50bp) amid the recent upticks in both realized inflation and inflation expectations," Danske notes,</li><li>"Markets are evenly divided between 50 and 75bp, so the larger hike could provide some temporary support for NZD FX," Danske adds. </li></ul><p class="western" align="left"> This snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access it here</a>.</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: RBNZ +50 or +75 cash rate hike this week - the larger one would prop up the kiwi $

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