The New Zealand dollar is weaker this morning in the wake of the RBNZ’s Monetary Policy Statement. They left the cash rate unchanged at 1.75%
The NZD has fallen across the board, down around half a cent against the USD, and AUD.
The Central bank has slightly downgraded their forecasted inflation rate in June 2019 to 1.6% from 1.8% prior. They said they expect to keep the OCR (Official Cash Rate) at this expansionary level for a considerable period of time.