Thursday: Fed holds with dissent & RBNZ holds - just
The Fed holds rates in a 10-to-2 vote - markets still see a hike in December. The RBNZ unexpectedly holds and sends the NZ dollar tumbling. Bank of Thailand also holds - but that one was expected.
In our deep dive interview, ANZ New Zealand Chief Economist Sharon Zollner explains why the Reserve Bank of New Zealand is set to keep hiking after yesterday’s surprise hold.
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The skinny
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