RBNZ +50 or +75 cash rate hike this week - the larger one would prop up the kiwi $

The Reserve Bank of New Zealand meet this week, on Wednesday 23 November 2022 (local time).

Earlier:

RBNZ Shadow Board majority view is for a +75bp interest rate hike (cash rate to 4.25%)

• RBNZ meet next week - preview - "likely to deliver an outsized 75bps hike to 4.25%"
• Poll shows most analysts expect a +75bp rate hike from the RBNZ next week

This from Danske on the decision and the NZD NZD The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a Read this Term.

This is via the folks at eFX.

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• Danske Research discusses the expectations for next week's RBNZ policy meeting.
• "Next week, antipodean markets will focus on the RBNZ meeting on Wednesday, where in contrast to other G10 central banks, consensus expects RBNZ to up the hiking pace to 75bp (from 50bp) amid the recent upticks in both realized inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and inflation expectations," Danske notes,
• "Markets are evenly divided between 50 and 75bp, so the larger hike could provide some temporary support for NZD FX," Danske adds.

This snapshot from the ForexLive economic data calendar, access it here.