The RBNZ hiked the OCR 25bps in line with the market consensus (to 1.0%), but the statement was more hawkish than generally expected. The NZD and NZ yields were up sharply
Markets look to have taken the Ukraine news in their stride, looking to be generally nonplussed by the threat of the potential escalation in sanctions
Gains to oil prices look to be running out of puff, but pain lies ahead for NZ motorists