The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
Will the RBNZ push the kiwi higher?
The Reserve bank of New Zealand will publish its rate statement and make the interest rate’s announcement on June 26, at 5:00 MT time.
After the expected rate cut from 1.75% to 1.5% during the previous meeting, we do not anticipate any changes to the interest rate this time. However, the RBNZ governor Adrian Orr may provide the bank’s opinion on the future path of its monetary policy. Let’s see if policymakers support the New Zealand currency this time.
• If the RBNZ is hawkish, the NZD will rise;
• If the RBNZ is dovish, the NZD will fall.
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Central banks act in order to help the economy cope with the negative effects of the coronavirus.
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The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.