Decision and summary of statement and minutes is here:
Reserve Bank of New Zealand cuts cash rate by 50bp, as expected
NZD/USD has jumped:
That’s a big surge for the kiwi$ on a decision that was widely expected. I don’t see the statement and minutes as hawkish but maybe some out there do.
This article was written by Eamonn Sheridan at www.forexlive.com.
