NZD/USD Soars as Reserve Bank of New Zealand Increases Cash Rate Target by 75 BP – A Quirky and Personal Take
The Big Rate Rise from the Reserve Bank of New Zealand Crank it Up! What’s Happening? A big rate rise from the Reserve Bank of New Zealand, who had been hiking by 50bp up to today. Cranking it up with hawkish commentary also. The Bank says it considered a 100bp rate hike! RBNZ raise cash…