Decision and summary of statement and minutes is here:
NZD/USD has jumped:
That's a big surge for the kiwi$ on a decision that was widely expected. I don't see the statement and minutes as hawkish but maybe some out there do.
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New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut
New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut
- The RBNZ cut the cash rate rate target to 4.25% from 4.75%, an as-expected decision
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