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  • Monetary tightening brought forward

    From rbnz.govt.nz

    The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment. The Committee remained comfortable with the outlook for the OCR as outlined in their February Monetary Policy Statement. They agreed that moving the OCR to a more neutral stance sooner will reduce the risks of rising inflation expectations. A larger move now also provides more policy flexibility ahead in light of the highly uncertain global economic environment. ... (full story)

Added at 10:02pm

Added at 10:02pm

Added at 10:03pm
well done NZD, out of expectations!
smart. gotta stay ahead of the fed
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Nzd bulls are coming !!
nice...
Look how the market has reacted! It went up but got dumped for what reason!!!!
Quoting RedCable
Look how the market has reacted! It went up but got dumped for what reason!!!!
Got some penny's on initial move up, and now im bleeding
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I believe this move to the downside after such a positive news is to shake out weak buyers. In a few hours, I believe that we will be making a higher high in NzdUsd.
Quoting RedCable
Look how the market has reacted! It went up but got dumped for what reason!!!!
For ratting accounts
Invest in alarm clocks
The Committee noted that the OCR is stimulatory at its current level.
  •  Guest
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50 bps hike was already in the price since the end of March.
AUD down as well, possibly lockdowns in China weighing
More often than not it's more profitable to be patient than to react on the initial spike... I'm still learning this every trading day
Damn! Where is @Not KPMG when you need him
monetary tightening my ass. i know from a source, putin has not decided on that one yet, as it is a low priority for him... if something goes wrong in NZ banking, you know now who took all the responsibility for... thank me later.
Maadik Hugiis. IQ 69.
Am still burning,,,just little correction then I'll cut my loss,,,buh why trading news is so tricky now days
Synchronicity Price frequency......
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Quoting RedCable
Look how the market has reacted! It went up but got dumped for what reason!!!!
They hiked .50 but did not lift their projected OCR peak (3.35%).
If they lifted to 3.6% and took into account the extra 0.25 then expected, it would be hawkish.
I think they believe that at one point but the end of the year inflation will start cooling down. So watch next nz inflation data
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