NZD/USD
NZD/USD
0.5862
-0.28% (-0.0017)
Updated 09:40 PMNZD/USD
NZD/USD
0.5862
-0.28% (-0.0017)
Updated 09:40 PMNZD/USD
0.5862
-0.28% (-0.0017)
Updated 09:40 PM
Overview
The RBNZ tightened policy but signaled a slower pace ahead, softening the hawkish impact of the hike. This dovish tilt could limit further NZD support even though the central bank kept raising rates.
Updated 05:53 PM
Medium confidence09/02, 09:08 AM
The Reserve Bank of New Zealand unanimously raised its Official Cash Rate by 25 basis points to 2.75%.
Affected assets
FirstSquawk
09/02, 09:08 AM
Related updates
FirstSquawk·09/02, 09:08 AM
RBNZ said under its central policy scenario, members indicated additional OCR increases could still be required.
InvestingLive·09/02, 03:18 AM
The RBNZ is expected to hike its OCR to 2.75% on September 2, with 90% of economists forecasting a hike, while Australia's Q2 GDP is due with consensus at 0.2-0.4% q/q growth.
Jin10·08/28, 09:58 AM
Reuters survey shows over two-thirds of forecasters expect the Reserve Bank of New Zealand to raise rates at least once more after September, with cash rate projected to reach 3.00% or higher by year-end.
FinancialJuice·08/28, 09:57 AM
Reserve Bank of New Zealand is expected by 27 of 31 economists to raise the cash rate by 25 basis points to 2.75% on September 2.
Jin10·08/26, 01:38 PM
NZD/USD fell 0.50% intraday to 0.5944.