NZD/USD Climbs After RBNZ Fee Hike

New Zealand Greenback, Reserve Financial institution of New Zealand, Fee Hike, Inflation – Speaking Factors

  • The Reserve Financial institution of New Zealand hikes its OCR by 25 foundation factors
  • New Zealand Dollar at dangers given lofty charge hike bets regardless of threats
  • Persistent inflation risk on the radar for RBNZ policymakers

The Reserve Financial institution of New Zealand (RBNZ) kicked off a tightening cycle Wednesday after elevating its official money charge (OCR) by 25 foundation factors. That brings the OCR from 0.25% to 0.50% and marks solely the second charge hike from a G10 central financial institution because the Covid pandemic started. The primary was Norges Financial institution. The New Zealand Greenback ticked greater versus the US Dollar instantly following the information.

**Breaking Information – Full Story to Come**

— Written by Thomas Westwater, Analyst for DailyFX.com

To contact Thomas, use the feedback part beneath or @FxWestwater on Twitter

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