ASB Bank now sees RBNZ raising rates in September and December of this year vs prev. forecast of a December hike
Context
ASB Bank's revised outlook indicates a more aggressive stance from the RBNZ, suggesting potential rate hikes in both September and December. This shift from a single hike in December reflects increased confidence in the economic outlook, likely impacting the NZD and fixed income markets positively. Traders should watch for subsequent market adjustments as expectations solidify surrounding these moves.
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