NZD - the RBNZ policy announcement is coming up at 0200 GMT: +50bp rate hike expected

The RBNZ is widely expected to hike by 50bps

In addition to the rate hike is the The Monetary Policy Review (MPR). This is minor update document only. Not more than a one pager.

• forecasts are not updated
• there is no following press conference

Adam posted on what is a risk from this meeting:

• Risk for NZD NZDThe New Zealand Dollar (NZD) is the official currency of New Zealand and th...Read this Term at today's RBNZ meeting is lowering of the OCR peak - Credit Agricole

Other previews:

• Reserve Bank of New Zealand rate hike decision coming today, +50bp the consensus estimate

• Economic calendar in Asia - Chinese trade data and the RBNZ interest rate announcement

• ANZ now forecast the RBNZ will hike 50bps in both July and August (previously 50 then 25)
• Poll shows the consensus for a 50bp interest rate hike from the RBNZ next week
• "Preview": Reserve Bank of New Zealand expected to raise its official cash rate 50bps

Reserve Bank of New Zealand Governor Orr