Tone shifts to more gradual tightening

Feb 13, 2022 | Currency, Economy, Money Market

14.2.22 Escalating concerns around a possible Russian invasion of Ukraine led to broad-based risk-off moves on Friday with equities plunging, bond yields falling back and the JPY and USD appreciating, notes BNZ Markets. “Market expectations of a 50bps Fed hike in March have been scaled back to around 50%,” says Nick Smyth. “NZ rates went […]

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Tone shifts to more gradual tightening

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