When is the RBNZ and how it could affect NZD/USD? – by anilpanchal7 RBNZ NZDUSD Events RiskAppetite InterestRate
is expected to announce the tenth back-to-back increase in its benchmark interest rate, from 3.5% to 4.25%. In doing so, New Zealand’s central bank is up for the first 75 basis points of a rate hike.
That said, early signals from the RBNZ have already confirmed a 75 bps increase in the Official Cash Rate and the same may not please bulls apart from providing an immediate upside. Traders will be more interested in signals for the central bank’s future moves and hence the discussions over the OCR peak, as well as the quarterly economic projections, will be crucial for clear directions.
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