Analysts at ANZ explained that the RBNZ has put itself right at the back of the global pack when it comes to future policy tightening.
Key Quotes:
“The RBNZ has put itself right at the back of the global pack when it comes to future policy tightening (and it could still ease too, of course), which shines greater light on New Zealand shifting yield structure relative to the rest of the world. That is likely to keep the NZD on the back foot for the remainder of this year.”
Share
