Breaking: RBNZ cuts rates by 25 bps to 1.25%, NZD slumps

At its August monetary policy meeting on Wednesday, New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), slashed its Official Cash Rate (OCR) by 25bps to a historic low of 1.25%, as widely expected.

Aug 7, 2019

New Zealand RBNZ Interest Rate Decision below expectations (1.25%): Actual (1%)

AUD/NZD rallies as RBNZ surprised markets by larger than expected rate cut

AUD/NZD flashes fresh high of the month while taking rounds to 1.0452 after the Reserve Bank of New Zealand (RBNZ) announced a higher than expected rate cut.