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RBNZ Policy Meeting: NZD/USD surges

  • he RBNZ has kept the cash rate at 5.5%, but raised its rate 'track'
Eamonn Sheridan
29/11/2023 | 01:14 GMT

NZD/USD has spiked after the RBNZ policy meeting:

  • RBNZ leaves cash rate unchanged at 5.5%, as expected

While the OCR is unchanged, as was very widely expected, the Bank raised its rate 'track' and also its estimate of the neutral rate. More at that link above.

One-minute bars:

nzdusd rbnz 29 November 2023

(This chart is from our charting app, which is free and can be found at this link)

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