Reserve Bank of New Zealand meets again

Reserve Bank of New Zealand meets again

The meeting of the Reserve Bank of New Zealand (RBNZ) on August 10 is another important Forex event not to miss, especially is you love trading during the Asian session. The RBNZ will announce its interest rate decision at 00:00 MT time and, an hour later, there will be a press conference explaining this decision.

New Zealand’s central bank is in no rush to raise interest rates in the short-term because of the subdued inflation: consumer prices remained unchanged in the second quarter. At its last meeting in May, the RBNZ kept rates steady at 1.75% and showed no intention to hike rates in the upcoming months.

If such position of the RBNZ is confirmed, then the New Zealand’s dollar will likely decline and provide a decent trading opportunity for active traders.

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