Earlier today we got the much changed Reserve Bank of New Zealand monetary policy statement
The cash rate itself was unchanged at 1.75%
- But the Statement took a decidedly dovish turn, with the forecast for the next rate increase pushed back to Q3 of 2020
More at these posts:
- RBNZ leaves its cash rate on hold, as expected
- NZD lower on the RBNZ dovish hold statement
- RBNZ Gov Orr says the risks to the rate outlook are balanced, up or down
- More from RBNZ Gov Orr - says NZD very close to fair value
Still to come from the governor, at 0100GMT, he will be in front of a parliamentary committee to answer questions