RBNZ talks it up, Europe talks it down

Thursday 27th May 2021The RBNZ surprised many yesterday by indicating that there could be an interest rate rise as soon as next year, which bolstered the Kiwi dollar and it hasn’t really come back down to earth. They are a little more guided in Europe, though, where the ECB mentions at every turn that tapering won’rt happen soon, let alone a rate rise. This morning Phil Dobbie asks NAB’s Rodrigo Catril whether two central banks can really pursue such different paths when the push comes to shove, particular as the RBA and RBNZ tend to be aligned?

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