RBNZ Hiked Rate but More Cautious about Economic Outlook

<p>The RBNZ raised the OCR by +25 bps to 0.75%, as we had anticipated. Policymakers sounded more cautiously about the economic outlook while reiterating the stance of continued reduction of stimulus. Kiwi extended recent correction after the announcement. On the monetary policy outlook, the central bank reiterated that “it remains appropriate to continue reducing monetary […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/central-bank-analysis/416546-rbnz-hiked-rate-but-more-cautious-about-economic-outlook/">RBNZ Hiked Rate but More Cautious about Economic Outlook</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>