RBNZ guidance to support richer NZD – BNY
BNY’s EMEA Macro Strategist Geoff Yu expects the Reserve Bank of New Zealand to hold rates at 2.25% (February 18) but acknowledges markets are increasingly pricing in tightening as inflation stays stubborn. The bank argues that confirming a shift in direction could help NZD valuations, especially as the currency is relatively underheld. RBNZ can use […]
