New Zealand Dollar: RBNZ seen starting rate hikes – BBH
The post New Zealand Dollar: RBNZ seen starting rate hikes – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad highlights the Reserve Bank of New Zealand (RBNZ) policy decision as the key domestic event, with a first 25 bps hike to 2.50% expected. He notes this could trigger a knee‑jerk New Zealand Dollar (NZD) upswing, supported by improving business and consumer confidence. Markets price roughly 70% odds of a hike and nearly 100 bps of tightening over the next year. Rate hike expectations support NZD “The RBNZ policy rate decision is the domestic highlight (10:00pm New York, 3:00am London).” “We expect the RBNZ to deliver a first 25bps rate hike to 2.50% which can trigger a kneejerk NZD upswing.” “The swaps curve implies 70% odds of a 25bps rate hike today and a total of nearly 100bps of tightening over the next twelve months. That’s roughly in line with the RBNZ policy path projection published in May.” “New Zealand business and consumer confidenc