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%.
Rowan Crosby•Wednesday, September 26, 2018•1 min read
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.
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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