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Market Impact: 0.55
RBNZ Warns Near-Term Inflation May Beat Estimates as Oil Surges
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsInflation
New Zealand’s central bank warned that near-term inflation may exceed its latest forecasts, increasing the likelihood of another interest-rate increase as soon as October. The more hawkish inflation outlook could pressure New Zealand bonds and interest-rate-sensitive assets while supporting the New Zealand dollar.
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