Daily Alert: Recent Fed and RBNZ 50bp hikes will not be the last

  • The RBNZ hiked the OCR by 50bps (to 2.0%) and delivering a stringent policy assessment with a prolonged period of restrictive monetary settings needed to meet its medium-term policy objectives
  • The FOMC Minutes this morning also confirmed the RBNZ weren’t the only ones intending to continue hiking in 50bp increments
  • There was little market reaction to the FOMC minutes

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