RBNZ takes large mallet from the toolkit

Thursday 6th April 2023

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There wasn’t anything subtle about the RBNZ rate move yesterday, so why the sharp contrast with the action – or lack of it- taken by the RBA this week. NAB’s David de Garis looks at potential reasons, and helps to dissect Philip Lowe’s Press Club lunch speech yesterday. Also, more soft data from the US and further signs that non-farm payrolls on Friday could show a move south, easing pressure on the Fed.

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