On May 12 the NZD lost value against the AUD due to cooling inflation projections. New Zealand 2 year inflation expectations fell to 2.8% from 3.3% prior for Q2. These cooler inflation projections sent the AUDNZD pair higher. However, ANZ…
At the last RBNZ meeting they took on a decidedly hawkish tone. The RBNZ recognises that annual inflation remains too high at 7.2% and it hiked by 75bps to 4.25%. This 75 bps was expected, but the surprise was that…
The Reserve Bank of New Zealand meet this week and there are some mixed expectations for the rate decision. Economists are projecting a 75bps rate hike to 4.25% from the current 3.5%. However, short term interest rates market see it…
