RBNZ Tightening Supports NZD Upside – ABN AMRO
ABN AMRO reports that the Reserve Bank of New Zealand raised its policy rate by 25 basis points to 2.5% and signaled further tightening, which underpins the New Zealand Dollar.
NZDUSD
ABN AMRO analyst Georgette Boele notes that the Reserve Bank of New Zealand (RBNZ) lifted its official cash rate by 25 basis points to 2.5% and hinted at additional tightening ahead.
Although energy prices have eased somewhat, the central bank sees persistent inflation pressures and room for further policy normalization. This hawkish stance is seen as supportive for the New Zealand Dollar (NZD).
Source: FXStreet Forex News