Stick or twist? What surprise RBNZ pivot means for your portfolio
ANALYSIS: Investors are hoping to focus less on the pain of the current downturn and are more looking through to the eventual economic, and profits, recovery.
Last week’s change in tone by the RBNZ has arguably ushered in a new phase for the market.
Tobias NewtonTue, 23 Jul 2024
What a difference a few words can make. On July 10, the Reserve Bank of New Zealand Monetary Policy Committee delivered a surprisingly ‘dovish’ and welcome surprise to the markets. These comments sent wholesale interest rates down with the two-year swap dropping 18 basis points and the New
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