Daily Alert: RBNZ’s housing patience wearing thin

  • The NZD/USD is back above 0.7000, a performance good enough for first place in the overnight FX performance leaderboard.
  • Local OCR expectations are on the march again following yesterday’s signal from the RBNZ that mortgage lending standards will be tightened later this year.
  • In an apparent vote of confidence in the resilience of the Aussie economy, the RBA stuck to its guns yesterday.

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