RBNZ announce cash rate on hold - surprise decision

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of New Zealand interest rate decision 13 November 2019 

Yowza … expectations for a cut jumped yesterday after the inflation expectations data …. nope.
Reserve Bank of New Zealand  hold the cash rate steady. Their next meeting is February 12 next year.
NZD has surged, dragging AUD higher with it 

More to come  separately 
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Background:
RBNZ cut prior to this was in August, a 50bp cut. 


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