Reserve Bank of New Zealand (RBNZ) news

The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary function is to maintain monetary and financial stability. The RBNZ uses various monetary policy tools to influence economic activity and support sustainable economic growth in New Zealand.

NZD/USD: RBNZ fired a hawkish missile

RBNZ has maintained the OCR at 5.50% for the fourth consecutive time and matched market consensus. Hawkish forward guidance by RBNZ where its latest projected terminal rate of the OCR has been revised upwards to 5.69% (Sep 2024) from 5.57% projected earlier in the August 2023 MPS. The Kiwi rallied by +0.90% intraday against the US dollar and outperformed other major currencies. No clear signs of bullish exhaustion in NZD/USD from a technical analysis perspective.

29-11-2023 01:43 GMT by Kelvin Wong

RBNZ Official Cash Rate - NZD/USD Technical Analysis

Talking Points: Weekly Chart Analysis Commitment of Traders Report Analysis Important Trading considerations for all NZD pairs. An important day for the New Zealand Dollar this week as markets await the Reserve Bank of New Zealand's Official Cash Rate announcement, RBNZ Monetary Policy Statement, RBNZ Rate Statement, and RBNZ Press Conference, the current official cash rate is 5.50% and the forecast is the same.

28-11-2023 12:33 GMT by Moheb Hanna