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
