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NZD/USD
NZD/USD
0.5858
-0.35% (-0.0021)
Market read
The RBNZ tightened policy but signaled a slower pace ahead, softening the hawkish impact of the hike. This dovish tilt could limit further NZD support even though the central bank kept raising rates. Next up: MBA 30-Year Mortgage Rate.
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The RBNZ delivered a 25bp rate hike this week but paired it with dovish forward guidance, while the BoC held rates and used more hawkish language.
The RBNZ tightened policy but signaled a slower pace ahead, softening the hawkish impact of the hike. This dovish tilt could limit further NZD support even though the central bank kept raising rates.
FirstSquawk·09/02, 09:08 AM
The Reserve Bank of New Zealand unanimously raised its Official Cash Rate by 25 basis points to 2.75%.
FirstSquawk·09/02, 09:08 AM
RBNZ said under its central policy scenario, members indicated additional OCR increases could still be required.
InvestingLive·09/02, 03:18 AM
The RBNZ is expected to hike its OCR to 2.75% on September 2, with 90% of economists forecasting a hike, while Australia's Q2 GDP is due with consensus at 0.2-0.4% q/q growth.
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NZD/USD
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