NZD jumps on the 'on hold' RBNZ interest rate decision

Author: Eamonn Sheridan | Category: Central Banks

Expectations had swing to a rate cut from the Reserve Bank of New Zealand, consolidated after yesterday's inflation expectations result.

But … the RBNZ with the surprise (again). The Bank has left the cash rate at 1%, on hold.

NZD higher:
 
Expectations had swing to a rate cut from the Reserve Bank of New Zealand, consolidated after yesterday's inflation expectations result.



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