As we reported yesterday, a Bloomberg survey of 14 economists unanimously predicted this mornings 25 bps rate rise to 3.00%. The NZD/USD fell 70 pips immediately after the announcement and has been unchanged for the last hour at .7210. AUD/NZD is back above hourly resistance at 1.2350.
(Edit) Further hikes are expected to be more gradual and hence the sell-off in the NZD.
