And the RBNZ joins the doves! In their latest policy statement, New Zealand central bank officials dropped their hawkish bias, pushing the Kiwi lower against its forex counterparts. Here’s what you should know about their announcement:
1. RBNZ open to a rate cut
Where is the Kiwi headed next?
As expected, RBNZ Governor Graeme Wheeler and his men decided to keep interest rates on hold at 3.