This post was originally published on this site. RBNZ chief says rate settings still accommodative despite hikes Asian stocks slide as Iran conflict fuels oil and bond yield worries Australia Q2 GDP beats at 0.4%, keeps September rate hike in play RBNZ lifts OCR to 2.75%, says gradual tightening reduces risk of bigger hikes later BOJ hawk Takata says nimble rate hikes needed as inflation risks build Australian Q2 GDP 0.4% q/q (expected 0.3%, prior 0.3%) Trump says he is in no rush for Iran talks, points to Hormuz control PBOC sets USD/ CNY mid-point today at 6.7829 (vs. estimate...

This post was originally published on this site.Breman’s comments suggest the RBNZ is not signalling any material shift from its previous guidance, with the OCR track described as very similar to the bank’s May projections, likely limiting any sharp repricing of future hike expectations following Wednesday’s move. Her emphasis that policy remains accommodative even after moving the OCR toward neutral, combined with a stated need to take time assessing the impact of hikes already delivered, points to a data dependent approach rather than a preset tightening path. The acknowledgment that a further OCR increase is likely, paired with explicit uncertainty...