RBNZ cash rate hike by 50bp, as expected

Reserve Bank of New Zealand takes the rate to 3.5% from 3.0%

The RBNZ says its committee debated a +75 or +50 hike.

• Committee members agreed monetary conditions needed to continue to tighten until inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term back in target range
• Core consumer price inflation is too high and labour resources are scarce.
• The level of domestic spending has remained resilient to date,
• Household balance sheets remain resilient despite the fall in house prices.

• New Zealand's productive capacity still being constrained by labour shortages and wage pressures are heightened

The RBNZ showing themselves not as timid as the Reserve Bank of Australia is.