The Reserve Bank of New Zealand raises interest rates by 50 basis points, as expected. The New Zealand dollar has risen against the US dollar and the Australian dollar as a result of the hawkish hike. The RBNZ faces supply-side constraints that may necessitate additional jumbo hikes. The New Zealand Dollar gained some traction after the Reserve Bank of New… Read More »After the RBNZ delivered a 50-basis-point rate hike, the New Zealand dollar surged against the US dollar and the Australian dollar