NZD: Traders Bet On Policy Error

Posted on by http://wealthcreation.club
🇳🇿 🇳🇿 Overnight indexed swap contracts are pricing in more than 60% chance that RBNZ Governor Adrian Orr will lift the cash rate by a quarter point to 5.75% in the first half of the year. Policymakers will undo the hike by August, before lowering borrowing costs to 5.25% at the final meeting of 2024, the contracts show
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