RBNZ Rate Statement

RBNZ Rate Statement

The Reserve Bank of New Zealand will deliver its interest rate decision at 00:00 MT time on May 11. Traders devote special attention to the RBNZ’s announcements as kiwi is truly susceptible to any changes in their wordings.

At the last meeting, the NZ central bank left its official cash rate unchanged. The policymakers refused to tighten monetary policy despite improvements in the country’s economic data. According to the RBNZ, the nation’s economy still needs the bank’s assistance because of extensive geopolitical uncertainty in the world. Any signs of additional rate cuts in the RBNZ monetary policy statement may hurt NZD. A neutral statement won’t produce great moves in NZD pairs. 

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