
NZ market not bothered by RBNZ hike
New Zealand’s market wasn’t surprised by the Reserve Bank of NZ (RBNZ) lifting the official cash rate by 50 basis points to 2.5% – but the dollar still dropped slightly following the announcement.
New Zealand’s market wasn’t surprised by the Reserve Bank of NZ (RBNZ) lifting the official cash rate by 50 basis points to 2.5% – but the dollar still dropped slightly following the announcement.