Earlier: RBNZ raise cash interest rate target by +75bp to 4.25%, as widely expected NZD/USD higher after the Reserve Bank of New Zealand raises its cash rate target by 75 bp Headlines greeting the RBNZ rate hike: 'New Zealand delivers its biggest rate hike ever' Responses to the RBNZ +75bp rate hike - ASB forecast cash rate at 5.5% by April 2023 RBNZ Orr says it will be a shallow recession
