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Japan Finally Breaks And Takes Global Equity Markets Down
Market Depth
The RBNZ's Rate Hiking Cycle Is Over
The RBNZ also called this the end of their rate hiking cycle. The Kiwi dollar took a pretty significant drop down about one and a quarter percent. This despite an inline 25 base point hike because this explicit dovish turn, that was very unexpected. So this is a notable moment in global macro and in DM monetary policy, you know, turning point, even if they're the lone ones doing so for now.
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