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New Zealand's central bank just dropped a hawkish bombshell. Governor Christian Hawkesby made it crystal clear: don't expect more rate cuts anytime soon. The bar for easing? Sky-high now.
What does this mean? The dovish party might be over. After months of cutting rates, the RBNZ is hitting pause—or possibly the brakes altogether. Hawkesby's tone suggests they're done being generous with liquidity.
For markets, this shifts the narrative. Tighter monetary conditions could ripple beyond NZ borders, especially as other central banks watch closely. Risk assets, including crypto, tend to react when major economies signal policy pivots like this.
Bottom line: If you were banking on a flood of cheap money continuing, think again. The easing cycle looks exhausted.