RBNZ Rate Statement

RBNZ Rate Statement

Reserve Bank of New Zealand is due to deliver its interest rate decision at 22:00 (MT time). The benchmark interest rate is a key factor determining the nominal exchange rate of the kiwi. So, traders devote special attention to the RBNZ’s announcements. 

At the last meeting, the NZ central bank left its official cash rate unchanged endorsing a wait-and-see approach for its future monetary policy undertakings. For the time being, little has changed in respect of the domestic and international outlook. So, the RBNZ might decide to recourse from making any adjustments to their current monetary policy stance once again. NZD/USD and AUD/NZD will likely be very active during the time of the release and afterwards. 

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