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NZ Dollar Rate Escalates after RBNW Keeps Interest Rates

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  • NZ Dollar Rate Escalates after RBNW Keeps Interest Rates

    Previously, the New Zealand Dollar rate soared. This was after the Reserve Bank of New Zealand astonished investors by keeping the official cash rate at 1 percent.

    The kiwi grew to 63.90 US cents from 63.34 cents the minute before the RBNZ announcement and from 63.37 cents the next day.

    Meanwhile, the trade-weighted index also increased to 70.67 from 69.96.
    Reserve Bank of New Zealand – NZDUSD rates soared after the Reserve Bank of New Zealand decided to keep the official cash rate at 1 percent.
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