RBNZ cut interest rates by 50 basis points, leading to a 7-week low for the NZDUSD. This decision reflects a shift towards a more accommodative monetary policy in response to a decrease in inflation, which has now returned to the desired range.
The main support for the currency came from the Reserve Bank of New Zealand's (RBNZ) decision last week to leave the key interest rate intact at 5.5% - the highest level in 15 years.
RBNZ cut interest rates by 50 basis points, leading to a 7-week low for the NZDUSD. This decision reflects a shift towards a more accommodative moneta...
The main support for the currency came from the Reserve Bank of New Zealand's (RBNZ) decision last week to leave the key interest rate intact at 5.5% ...
Find out why the New Zealand dollar is the second worst-performing G10 currency (after the Japanese Yen) against the US dollar so far this year....
NZDUSD
Kiwi
RBNZ
New Zealand Dollar
Reserve Bank of New Zealand
Recession
Federal Reserve
FOMC
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USD
US Dollar
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