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When is the RBNZ and how it could affect NZD/USD? When is the RBNZ and how it could affect NZD/USD?

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Projection shows upward bias to rates but it is not a done deal – Crypto News

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Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is addressing the post-monetary policy meeting press conference on Wednesday. The RBNZ held the interest rate steady at 5.50% for the fifth meeting in a row in November.

Key quotes

Meeting with new PM was highly constructive.

We’ve been adament on holding rates through next year.

Projection shows upward bias to rates but it is not a done deal.

Risk to inflation is still more to upside.

We did discuss raising rates at this meeting.

Had a robust discussion about rates.

more to come …

Market reaction

NZD/USD is consolidating its upsurge at around 0.6190 on Orr’s comments. The pair is currently trading at 0.6193, up 0.96% on the day.

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