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12 Jun 2014
RBNZ not hinting a a change of stance - RBS
FXStreet (Guatemala) - Greg Gibbs, FX Trading Strategist at RBS noted the terminology coming from the RBNZ and note they are not giving any hint that they will slow hikes.
Key Quotes:
"The RBNZ hardly revised down its rapid rate hike forecasts from its March MPS, seeing a jump in yields across the curve and threatening to unleash a further, powerful rally in NZD> in the current yield-hungry global environment. A rising currency may lower inflation outcomes and dampen economic activity more than the RBNZ expects, but it is not giving any hint that it will slow hikes."
Key Quotes:
"The RBNZ hardly revised down its rapid rate hike forecasts from its March MPS, seeing a jump in yields across the curve and threatening to unleash a further, powerful rally in NZD> in the current yield-hungry global environment. A rising currency may lower inflation outcomes and dampen economic activity more than the RBNZ expects, but it is not giving any hint that it will slow hikes."