The Reserve Bank of New Zealand (RBNZ) has maintained its interest rate at 5.50% amid global economic uncertainties. This decision aligns with major central banks' more cautious approach, impacting the New Zealand Dollar (NZD) and export sectors. With inflation low and growth uncertain, the RBNZ is expected to stay cautious on rate hikes, influencing the NZD's performance. Investors will monitor future data and central bank statements for insights into monetary policy and currency market trends.
The Reserve Bank of New Zealand (RBNZ) has decided to keep its interest rate unchanged at 5.50% in i...Subscribe to access the full content