RBNZ Accelerates Rate Hike, Encouraging NZD Rise

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RBNZ Accelerates Rate Hike, Encouraging NZD Rise

The Reserve Bank of New Zealand raised the rate by 75 points to 4.25% after five consecutive 50-point hikes. Analysts polled had anticipated such a result based on the signals sent by the central bank. RBNZ also began to reduce the balance sheet through managed sales, while before, it had stopped reinvesting coupons and matured […]

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