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Daily Alert: ASB expects RBNZ to lift OCR next May

  • The RBNZ has all its key policy settings unchanged but struck a less dovish tone at yesterday’s Monetary Policy Review.
  • Fonterra’s opening forecast Farmgate Milk Price range for the 2021/22 season was set at NZ$7.25 8.75/KgMs.
  • No NZ releases are due today, but Governor Orr does speak about the MPS to a select committee in Parliament at 9.10am this morning.

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