The RBNZ began hiking in October last year. The RBA joined in just a couple of weeks back.
Today the RBA said it projects the cash rate will peak at 3.95%.
The RBA's Luci Ellis says she doesn't know:
AUD/NZD smashed:
NZ cash rate 2%, going to nearly 4%. AUD cash rate 0.35%. Say goodbye to AUD/NZD
- Reserve Bank of New Zealand is way ahead of the RBA
