RBNZ Minutes: The committee discussed 25 and 50 basis point increases at this meeting

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Key highlights from the Minutes of the April Reserve Bank of New Zealand (RBNZ) meeting are as follows. The RBNZ unexpectedly hikes the key rate by 50 bps to 5.25%.

The Reserve Bank of New Zealand (RBNZ) holds monetary policy meetings seven times a year, announcing their decision on interest rates and the economic assessments that influenced their decision. The central bank offers clues on the economic outlook and future policy path, which are of high relevance for the NZD valuation. Positive economic developments and an upbeat outlook could lead the RBNZ to tighten the policy by hiking interest rates, which tends to be NZD bullish.

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