RBNZ responses (this is just a quickie)

This on the Reserve Bank of New Zealand  today via National Australia Bank:

  • Says that the RBNZ has now adopted «a clear tightening bias»
  • They seem to have gotten rid of the notion of rate cuts in what looks to be a first step toward beginning the normalization of rates»

Meanwhile, NZD slipping a little. Updates:

Earlier posts today:

  • RBNZ responses: «opened the door the tiniest crack in the direction of earlier OCR hikes»
  • RBNZ responses: «NZD assumed to stay down»
  • RBNZ responses coming in … «no longer talking down the currency»
  • More from RBNZ’s Spencer — says NZD is in vicinity of fair value
  • NZD adding a bit as the RBNZ press conference continues
  • RBNZ’s Spencer says economic outlook is very positive
  • RBNZ holds rates at 1.75%, as expected
  • Full statement from the RBNZ November 2017 policy meeting

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