New Zealand Interest Rate Decision
Rates of interest in New Zealand are set by the Reserve Bank of New Zealand, which is the central bank of the country. The Official Cash Rate (OCR) serves as the official interest rate. The OCR was introduced in March 1999, and it is evaluated eight times a year by the central bank. This rate determines the cost of borrowing money in the country and supplies the Reserve Bank with a tool for controlling both the level of economic activity and inflation in the country.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0863 -92 pips |
1.0987 -32 pips |
1.09547 | |
| EURNZD |
|
|
1.7778 -122 pips |
1.7980 -80 pips |
1.79003 | |
| NZDCAD |
|
|
0.8184 -55 pips |
0.8270 -31 pips |
0.82395 | |
| NZDJPY |
|
|
92.2694 -112 pips |
93.0183 +37 pips |
93.392 | |
| NZDUSD |
|
|
0.5973 -30 pips |
0.6093 -90 pips |
0.60029 | |
| GBPNZD |
|
|
2.0669 -142 pips |
2.0923 -112 pips |
2.08109 | |
| NZDCHF |
|
|
0.5391 -61 pips |
0.5505 -53 pips |
0.54521 |
News (NZD)
New Zealand Building Consents Ease 0.2% In March
The total number of building permits issued in New Zealand was down a seasonally adjusted 0.2 percent on month in March, Statistics New Zealand said on Thursday - coming in at 2,931.
RTTNews | 7 days ago
New Zealand Jobless Rate Rises To 4.3% In Q1
The unemployment rate in New Zealand came in at a seasonally adjusted 4.3 percent in the first quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 8 days ago
New Zealand Inflation Gains 0.6% On Quarter In Q1
Consumer prices in New Zealand were up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 22 days ago
