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RBNZ preview and what comes next for the NZDUSD?

The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by another 50 basis points to 2.00% at its meeting tomorrow. The real focus will be on the accompanying Monetary Policy Statement (MPS), which will provide updated inflation forecasts and OCR track changes.

May 24, 2022 08:02 AM

NZ CPI hits a 32-year high, but is it enough for an imminent hike?

Despite another strong inflation report for New Zealand, it was below expectations which leaves traders questioning when (and by how much) RBNZ’s next hike will be.

Asian Open: Eye-watering CPI data for Canada raises odds of a 75-100 bps hike

Canada’s inflation metrics rise across the board and beat estimates by a wide enough margin to increase the odds of some serious hiking by the BOC in June.

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RBNZ come out swinging with their most aggressive hike in 22 years

In true RBNZ style, the central bank came out swinging with a punchy 50 bps hike to tame inflation (and inflation expectations).

April 13, 2022 04:08 AM

Key considerations for the Kiwi ahead of tomorrows RBNZ meeting

At 11 am Sydney time tomorrow, the RBNZ will announce either a 25bp or an inflation-busting 50bp rate hike in what will be a very close call.

April 12, 2022 02:51 AM

NZ Q4 GDP and what comes next for AUDNZD?

As is often the case, Thursdays New Zealand's quarterly GDP release follows hot on the heels of the FOMC meeting and a few hours before Australia's monthly jobs data, likely making for a volatile session in Asia.

March 15, 2022 01:55 AM

RBNZ hikes; GBP/NZD gets whacked

The RBNZ hiked rates 25bps to 1.00% and gave a rather hawkish outlook to its guidance moving forward.

February 23, 2022 03:46 PM

RBNZ - How high can hawks fly? NZDUSD

At its first meeting of the year, the RBNZ as expected, raised the Official Cash Rate by 25bp to 1% and reiterated that further hikes would be necessary.

February 23, 2022 05:07 AM

Asian Open: Sanctions arrive on the scene, RBNZ up next

The US unleashed new sanctions against Russian elites and two banks, whilst EU, Germany and the UK announced their own financial burdens.

RBNZ to hike by 25bp tomorrow prompting mean reversion in AUDNZD

At its first meeting of the year, the RBNZ is expected tomorrow to raise the Official Cash Rate by 25bp to 1%, the third hike in a tightening cycle that commenced in October last year.

February 22, 2022 01:16 AM

European Open: RBNZ hike, FTSE holds support, Lira in freefall

Technically we suspect the FTSE has seen an important low around 7200 (but we cannot say the same for the flailing Lira). Up later is US GDP and revised consumer sentiment.

RBNZ dovish rate hike keeps Bird grounded - NZDUSD

As widely expected, the Reserve Bank of New Zealand (RBNZ) today raised the Overnight Cash Rate (OCR) by 25bp to 0.75%. Recognition of a booming property market and overshoot in the RBNZ’s two primary objectives set out below as a reminder.

November 24, 2021 01:57 AM

Asian Open: RBNZ are expected to hike, but by how much?

How NZD pairs react today will likely be driven by whether RBNZ hike by 25 or 50 bps, and how hawkish that hike is deemed to be in their last meeting of the year.

RBNZ Preview: Rate rise unlikely to boost the bird - NZDUSD

The Reserve Bank of New Zealand (RBNZ) raised the Overnight Cash Rate (OCR) by 25bp to 0.50% in October. Since then, the run of hot economic data has continued.

November 23, 2021 03:02 AM

Asian Open: Busy Calendar Kicks off with NZ Employment Report

Today’s busy schedule includes NZ employment, PMI data for China, Australia, UK and US, ADP employment, ISM services and of course the outcome of the FOMC meeting.

New Zealand jobs report in focus and what it means for the NZDUSD

Once the dust settles on this afternoon's RBA meeting, the focus of antipodean traders will switch to the release of New Zealand labour market data for the September quarter (Q3) tomorrow morning.

After a booming month, AUD/NZD fails hard at key resistance

Over the last 3 days the pair held resistance and moved lower, helped on Monday by a surge in Q3 inflation from New Zealand

October 18, 2021 09:27 PM

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European Open: NZ CPI Flies High, AUD Ready to Correct?

Inflation hit a 10-year high in New Zealand which points towards another rate hike from RBNZ in November. Meanwhile AUD’s rally has paused at a key resistance zone.

NZDUSD outperforms ahead of Q3 inflation data

Posing the most serious threat to global growth into year-end an acceleration in inflation.

European Open: RBNZ Hike Rates by 25 bps

The trouble was that it surprised nobody, so at the time of writing NZD is trading lower for the day. Still, it’s RBNZ’s first hike in 7 years so it's worth mentioning.

Asian Open: RBNZ Expected to Hike for the First Time in 7 Years Today

Yes, it really has been that long. But with economists and market pricing expecting a hike, it may take a hawkish hike from RBNZ today for NZD to secure its dominance.