RBA Royal Bank of Australia response Bearish - positive for RBNZ

Royal Bank of New Zealand (Bullish)
The RBNZ, which predicts prices will rise 22% in the year through June,
is reinstating mortgage lending restrictions.

Royal Bank of Australia (Bearish)
- Australia's interest rates will stay low until 'at least 2024', RBA says
- Philip Lowe used a speech to a summit convened by the Australian Financial Review on Wednesday
to signal that the official cash rate will remain at
historic lows until “at least 2024” because there is
no prospect of wages growth hitting more than 3% before that time.

Royal Bank of Australia (RBA) is struggling to raise
interest rates and not seeing wage gains until 2024 for most employers.
No reason AUD/NZD should be so high correction to 1.03