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RBNZ

RBNZ’s Official Cash Rate Announcement 2.50% vs. 2.50% Exp. (Previous 2.50%)

RBNZ Governor Dr. Alan Bollard says financial market sentiment improved slightly, inflation pressures ‘well contained.’

New Zealand interest rate decision due at 5:00 PM. NZDUSD comes off year highs today. No change expected.

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The Reserve Bank of New Zealand will announce the results of their monthly interest rate decision.  It is expected that rates remain unchanged at 2.5%.  The RBNZ has lowered the key interest rate from 8.25% in June 2008 to the current level - an unprecedented decline. 

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