FX News

RBNZ Cash Rate Announcement


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This afternoon the RBNZ left the cash rate unchanged at 1.0% as predicted but changed their policy stance from an easing bias to a neutral tone. Employment remains above sustainable levels and economic growth is expected to accelerate over the second half of 2020. No further rate cuts are forecast for 2020. The NZD rallied across the board and bounced half a cent higher against the US Dollar and Australian Dollar.

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