New Zealand Cash Rate will define the fate of NZD!
Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
The kiwi may be affected by the RBNZ
The Reserve bank of New Zealand will release its official rate statement at 5:00 MT time on September 25. The market anticipates that the RBNZ is going to keep its interest rate on hold. At the same time, traders will pay particular attention to the outlines of the statement. They will be looking for possible hints on the future rate cuts, as a part of the regulator’s easing policy. After the Reserve bank of New Zealand cut its interest rate by 50 basis points during the previous meeting, it would be interesting to analyze its next decisions.
• If the RBNZ is hawkish, the NZD will rise;
• If the RBNZ is dovish, the NZD will fall.
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The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
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