Daily Alert: 50 bps - Deal Orr No Deal?

  • Today, it’s all about the RBNZ, with the latest MPS out at its usual 2:00pm time and with a hike of at least 25bps more or less certain in light of the likely resilience of the labour market and the strength of inflationary pressures, the big speculation is around whether the bank will pull the trigger on a 50bps hike.
  • Overnight, tech shares have extended losses, with Zoom down 12% and analysts citing fears of slowing post-pandemic growth. 
  • Meanwhile, bond yields are broadly higher across North America and Europe. 


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