New Zealand economic growth data just came in much worse than expected:

Kiwi $ saw another dip on the data (its clawing some back now)

Analysts at ASB have now forecast a 25bp rate hike from the Reserve Bank of New Zealand at the next meeting, April 5th. While 50bp wasn't quite the consensus for this meeting it was widely expected. Those expectations are being trimmed back.

rbnz dates 2023 2