The New Zealand Dollar is back in focus today as the markets await the November RBNZ MPR meeting tonight. Ahead of the meeting, expectations are broadly in favour of the bank tightening once more. With data improving steadily, inflation soaring and a relatively stable COVID backdrop (compared with other parts of the world), the market judges that the field is open for an RBNZ rate hike today, in line with previous signalling from the bank. Given the hawkish expectations heading into the meeting, the focus therefore is on the extent to which the RBNZ lift rates and how hawkish the accompanying guidance is. Hawkish ... (full story)