🏛🇦🇺Now that the RBNZ has been extremely hawkish tonight and has brought further rate hikes into play, the trade will most likely pick up speed (as described above -> from December).
➡️I also see another RBNZ rate hike as a likely, if not inevitable, scenario (60% probability)
➡️Furthermore, contrary to the market, I do not currently see the conditions for the almost 4 rate cuts that it is currently pricing in.
🟢On the contrary: it is questionable whether the RBNZ will cut interest rates at all in 2024🟢