New Zealand Dollar holds firm above 0.57
The Reserve Bank of New Zealand has lifted the Official Cash Rate by 25 bps to 2.50%.
This move marks a shift from May’s split decision.
The NZD/USD is currently holding firm above 0.57 after the rate hike.
RBNZ Raises Official Cash Rate
New Zealand Dollar holds firm above 0.57 The Reserve Bank of New Zealand has lifted the Official Cash Rate by 25 bps to 2.50%. This move marks a shift from May’s split decision. The NZD/USD is currently holding firm above 0.57 after the rate hike.