RBNZ Gov. Hawkesby says decision to hold a rate vote was a healthy sign ...Middle East

RBNZ cuts cash rate by 25bp vs. 25bp expectedNZD/USD bouncing after the expected RBNZ 25bp cash rate cut

Hawkesby:

Decision to hold vote on rates was healthy sign, not unusual at turning points

Is the RBNZ at a turning point? A hint or a 'typo' from Hawkseby?

Did form a consensus projection for the cash rate, but high degree of uncertaintyCentral projections are wide enough for us not to have a bias either way on next steps at the next meeting This article was written by Eamonn Sheridan at www.forexlive.com.

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