NZD marked significantly lower following the RBNZ 25bp rate hike

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NZD marked significantly lower following the RBNZ 25bp rate hike

Rate hike post is here:The summary of the statement of relevance for NZD pricing is that the Reserve Bank of New Zealand maintained its peak rate fore

Rate hike post is here:

The summary of the statement of relevance for NZD pricing is that the Reserve Bank of New Zealand maintained its peak rate forecast at 5.5%, which is the rate it set today, and says this rate remains restrictive.

NZD/USD marked down as it appears the hiking cycle has ended. For now at least.

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