Breaking: RBNZ surprises with a 25 bps interest-rate cut to 5.25%

August 14, 2024

in Forex

Reading Time: 6 mins read

The Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 25 basis points (bps) from 5.50% to 2.25%, following the conclusion of the August policy meeting on Wednesday.

The market participants aniticpated a rates on-hold decision.

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Breaking: RBNZ surprises with a 25 bps interest-rate cut to 5.25%

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Breaking: RBNZ surprises with a 25 bps interest-rate cut to 5.25%

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