New Zealand’s central bank mandate debate could have major implications for the NZD. 🇳🇿
If employment joins inflation as a formal priority, markets may need to rethink the path for interest rates.
When the rules change, expectations can change too.

New Zealand’s central bank mandate debate could have major implications for the NZD. 🇳🇿
If employment joins inflation as a formal priority, markets may need to rethink the path for interest rates.
When the rules change, expectations can change too.
NZD slipped even after the RBNZ delivered a second straight 25bp hike to 2.75%. The move was fully priced, and a cautious outlook took the edge off the Kiwi. Was this a classic “buy the rumour, sell the fact” reaction?