The RBNZ delivered an expected 25 bps cut, but its dovish tone surprised markets. Lower inflation projections, reduced OCR forecasts, and weaker growth and employment outlooks weighed heavily on the Kiwi, sending it lower against major peers. Traders now reassess NZD’s path as policy looks set to stay accommodative.
20-08-2025 13:51 GMT
by Elior Manier