BNZ still forecast a 50 rate hike on February 22 from the Reserve Bank of New Zealand.
The revision to the terminal rate comes after the jobs data earlier:
- New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%)
- NZD/USD drops a few points after the New Zealand jobs market report
The RBNZ cash rate is currently 4.25%
