Reserve Bank of New Zealand Orr: confident inflation back in its target band can commence re-normalising rateswe considered a range of moves and consensus was for 25bpsEarlier, read from the bottom up for the chronology:Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting tooICYMI - RBNZ cut its cash rate by 25bp, market consensus was for on holdNZD/USD marked lower after the Reserve Bank of New Zealand cut its cash rateReserve Bank of New Zealand announce cash rate cut to 5.25% This article was written by Eamonn Sheridan at www.forexlive.com.
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