Michael Wilson, an analyst, said that the New Zealand Reserve Bank discussed the issue of raising interest rates at this meeting, which surprised many people. Most people expected that the current official cash rate (OCR) level would be maintained for a longer period of time. The disconnect between the market and the central bank is reflected in the rise of the New Zealand dollar against the US dollar, and there has not been a significant pullback in this price trend, which shows the market's previous mistake.
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Michael Wilson, an analyst, said that the New Zealand Reserve Bank discussed the issue of raising interest rates at this meeting, which surprised many people. Most people expected that the current official cash rate (OCR) level would be maintained for a longer period of time. The disconnect between the market and the central bank is reflected in the rise of the New Zealand dollar against the US dollar, and there has not been a significant pullback in this price trend, which shows the market's previous mistake.