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All Eyes On The RBNZ
The RBNZ has been vocal regarding its tightening policy, and the markets are gearing up for another hike, so how might the release impact the value on the NZD? Here’s what you need to know. Fundamentals As mentioned, the market is anticipating a 25 base point hike, which would raise the current rate of 2.75% to 3.00%. Such a hike would be the second consecutive interest rate rise, with the RBNZ having raised its base rate from 2.50% to 2.75% last month. As is generally the case, the market looks to have already factored the boosting of the base rate into the NZD crosses, so any reaction will likely come as a ... (full story)
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