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Daily Alert: Aiming higher

  • We lifted our RBNZ Official Cash Rate forecasts yesterday; we’ve added an extra 50bps of hikes into the back end of 2022 such that the OCR is forecast to reach 2% by the end of next year (previously 1.5%). 
  • Local yields continued to consolidate yesterday after the big moves earlier in the week.
  • All eyes in NZ will be on the Government’s update on COVID restrictions today, and the shape of the new framework that might replace the Alert Level system.

 

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