Today’s Notable Sentiment Shifts
NZD – The New Zealand dollar slipped on Wednesday after the country’s central bank hiked rates by less than hawks had wagered on, though it also lifted forecasts for how far rates would ultimately have to rise.
Nevertheless, Kiwibank argues that the “move is consistent with the RBNZ’s already signaled measured approach to policy tightening, and it is already ahead of most central banks withdrawing policy stimulus.”
Adding that, they now see rates at 2.5% by 2023.
Nevertheless, Kiwibank argues that the “move is consistent with the RBNZ’s already signaled measured approach to policy tightening, and it is already ahead of most central banks withdrawing policy stimulus.”
Adding that, they now see rates at 2.5% by 2023.
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