Asian stocks solid and kiwi jumps on RBNZ rate hike
Despite the hike being in line with expectations, the announcement was described as “definitely more hawkish than expected” by Imre Speizer, head of NZ market strategy at Westpac, who pointed to the tone of the RBNZ’s statement and a 15 bps raise in the official cash rate (OCR) track to 4.10%.
