Decision and summary of statement and minutes is here:
NZD/USD has jumped:
That's a big surge for the kiwi$ on a decision that was widely expected. I don't see the statement and minutes as hawkish but maybe some out there do.
New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut
- The RBNZ cut the cash rate rate target to 4.25% from 4.75%, an as-expected decision
