From IG Group:

The Reserve Bank of New Zealand announced a decision to keep its interest rates unchanged at 0.25%. This decision was largely expected by economists and analysts. The Australian dollar (AUD) and New Zealand dollar (NZD) are likely to remain stable following this decision.

The decision was driven by the global economic uncertainty caused by the COVID-19 pandemic. The Reserve Bank of New Zealand expressed concern over the slow global economic recovery and uncertainty surrounding the pandemic. The decision to keep interest rates low is aimed at supporting the country’s economy during this challenging time.

Investors and traders are closely monitoring the impact of the interest rates decision on the Australian dollar (AUD) and New Zealand dollar (NZD) exchange rates. The stability of these currencies is crucial for international trade and investment in the region. The decision is also expected to influence market sentiment and trading patterns in the coming weeks.



Read more at IG Group: New Zealand interest rates decision, impact on AUD, NZD – IG