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VIEW: RBNZ Adjusts Its Tone, ASB Brings Forward OCR View

RBNZ

ASB note that "the RBNZ has all its key policy settings unchanged but struck a less dovish tone at today's monetary policy review."

  • "The RBNZ dropped its explicit commitment to cut the OCR further and published an OCR track signalling rate hikes from the latter half of 2022."
  • "We have brought forward our OCR view and now expect the first OCR hike to come a little earlier in May 2022 (instead of August 2022)."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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