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.
