In true RBNZ style, the central bank came out swinging with a punchy 50 bps hike to tame inflation (and inflation expectations). Summary of today’s RBNZ statement: Increased the Official Cash Rate (OCR) to 1.50 percent Appropriate to continue to tighten monetary conditions High level of geopolitical tension and related economic sanctions on Russia Underlying […]
The post RBNZ Come Out Swinging with Their Most Aggressive Hike in 22 Years appeared first on Action Forex.
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