New Zealand rate markets are no longer pricing further RBNZ rate cuts in 2021

Author: Eamonn Sheridan | Category: Central Banks

The economic data in NZ has been, net, in the improve, and how. Today;s massive beat on the unemployment rate is the latest:

This is just adding to the trend improvement that has been seen in the country. NZ has brought the pandemic under control with rapid, harsh measures and they do appear to have paid off. There has been no vaccine rollout in the country as yet. 

NZD jumped on the data release earlier;

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