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Daily Alert: ASB - OCR set to lift 75bps by the end of 2021

  • It was a cracking set of labour market data yesterday, with things looking increasingly tight out there.
  • We’ve adjusted our OCR call off the back of those figures, and now see the RBNZ opting for three swift 25bps hikes at its next three meetings.
  • The NZD has continued to enjoy a moment in the sun overnight, holding onto most of its post-labour market gains.

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