Reserve Bank Of New Zealand Raises Rates To 7-Year High

<p>The Reserve Bank of New Zealand hiked rates by 50BPS for the fifth straight time. "Currency markets are expecting central banks to remain aggressive considering the inflation risk. The Federal Reserve and the Reserve Bank of New Zealand do not care about a recession. Outside of Japan, the British Pound participated in yield curve control. This is not a good thing long-term," says Bob Iaccino.</p>