New Zealand Dollar: RBNZ hike seen as moderate tightening – MUFG

MUFG’s Derek Halpenny reports that the New Zealand Dollar strengthened after the RBNZ raised its policy rate by 25 bps to 2.50%, the first increase since May 2023. He notes OIS had largely priced the move and more hikes, but MUFG expects only two additional increases by March 2027.

You are being sent to the original publisher. FX Radar keeps this reference for market context and source discovery.