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Responses to the RBNZ continue - more, higher, faster cash rate hikes ahead

Started by forex4you, Feb 23, 2022, 12:50 pm

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forex4you

Feb 23, 2022, 12:50 pm
Responses to the RBNZ continue - more, higher, faster cash rate hikes ahead

KiwiBank characterise today's moves by the Reserve Bank of New Zealand as a hawkish hike and forecast an additional two hikes.
In brief:

    As expected, the RBNZ lifted the cash rate 25bps to 1% today. The path for interest rates is clearly higher as the bank faces into rising inflation.

Source: Responses to the RBNZ continue - more, higher, faster cash rate hikes ahead

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