As widely expected and priced, today the RBNZ reduced the OCR by a further 25bps to 3.25%. The decision was reached following a 5 – 1 vote, with one MPC member voting for no change in policy. The revised projection indicates a baseline expectation of 1-2 further OCR cuts by the end of this cycle, […]

The post Review of RBNZ: Next Cut More Likely August Now Policy is Neutralish appeared first on Action Forex.

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