• NZD Higher As RBNZ Defies Market Expectations

    RBNZ Bucks The Trend At a time when global central banks are increasingly guiding markets and signalling forthcoming moves, the RBNZ is increasingly become a difficult bank to anticipate. In August, the RBNZ caught traders off-guard when, against expectations of a near-certain 25 basis point rate cut, they lowered rates by a huge 50 basis […]