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VIEW: The Big 4 All Look For An OCR Hike In August

RBNZ

A quick update in the wake of yesterday's RBNZ monetary policy decision/hawkish turn. All 4 of the "Big 4" New Zealand banks now look for a 25bp OCR hike in August, with the OIS strip pricing a 70% chance of such a move. The NZD is the clear outperformer within the G10 FX space over the last 24 hours as a result.

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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