The Reserve Bank of New Zealand cut interest rates by 150bp this afternoon to 5 percent. This is the largest interest rate cut for the central bank and brings their total easing since July to 325bp.

Although the degree of the rate cut was not that big of a surprise, the  comments from RBNZ [...]

Posted in Forex News, New Zealand dollar, forex blog, reserve bank of new zealand No Comments »

In less than 24 hours, we have interest rate decisions from 3 countries:
1. New Zealand
2. United Kingdom
3. Eurozone
With the global easing cycle in full swing, rate cuts are expected all around. New Zealand and the UK have been two of the most aggressive countries when it comes to cutting interest rates.  At their last meetings, [...]

Posted in Bank of England, BoE rate cut, British Pound, ECB, Forex News, Forex Podcast, New Zealand dollar, ecb rate cut, eur/usd, euro, forex blog, reserve bank of new zealand No Comments »