
The Markets
Swift market reaction as RBNZ calls time on money printing
Wednesday 14th of July 2021
Currency and bond traders reacted immediately, pushing interest rate swaps and the NZ dollar higher.
Kiwibank chief economist Jarrod Kerr said interest rate swaps jumped 8 to 10 basis points with “more upside in rates to come”.
The yield on a 10-year government bond lifted more than 7 basis points, with similar movements across the yield curve. ANZ chief econom...
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