RBNZ Keeps Rates on Hold: Nothing to See Here

As the headline suggests the RBNZ has kept rates on hold. That means the OCR is at 1.75%.

There wasn’t much fanfare to accompany the release, with the only suggestion that rates could go up or down. So the markets can read into that what they will. Which is probably very little to be honest, as no one has been suggesting a rate move at the moment.

The NZD/USD is unchanged on the decision.