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
