RBNZ chief economist Conway reaffirmed last week 25bp hike to 2.5% and said the bank will respond further if Middle East linked inflation pressures prove persistent.
RBNZ chief economist Conway reaffirmed last week 25bp hike to 2.5% and said the bank will respond further if Middle East linked inflation pressures prove persistent. While it is a similar rhetoric from the RBNA meeting summary, the reinforcement is keeping Kiwi bidders hopeful of more hike to come in the next meeting.
NZD/USD is trading 0.71% higher at 0.5791.