Reserve Bank of New Zealand Cash Rate
Interest Rates Steady at 1.75%
Starts Tuesday, November 20, 2018 at 13:27
Updated Monday, November 5, 2018
The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates on hold again. It started moving interest rates lower in 2016 and 2017 when the FED was hiking them. Since then, the RBNZ has kept them unchanged. Not much is expected in this week's decision, so the attention will shift to the statement and the monetary policy statement. Please follow us for live coverage of this event by experienced analysts and the impact it might have on the currency.
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About Reserve Bank of New Zealand Cash Rate
The Reserve Bank of New Zealand (RBNZ) discloses its monetary policy decisions on a 6-week period, February through December. Any adjustments made to the cash rate, also known as the overnight money market interest rate, have the potential to impact the New Zealand dollar (NZD) significantly.The decision to either raise or lower the cash rate is crafted by the RBNZ’s Reserve Bank Board. After each meeting, an announcement is made to the public regarding any changes to the cash rate. The new lending rates to go into effect the next day.Short-term cash rates are extremely important to valuations of the NZD. Rising rates are viewed as bullish for the NZD, while falling rates are bearish.