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Daily Alert: Interest rates spike higher again as central bankers disappoint

  • Regular service resumed in local interest rate markets yesterday, with the NZ yield curve rising and steepening again.
  • A RBNZ speech yesterday didn’t contain any particularly new information, but Governor Orr did expand a little more on how the Bank might respond to its new directive to support government housing policy.
  • Cabinet will make a decision today on whether NZ will shift back down COVID alert levels on Sunday morning.

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