The NZ Interest Rate Decision results where just released. The announcement is expected to affect the following instruments for the next few hours:
Due to the increased volatility in the market around this news event we would advise that you review any open positions in the market.
These statistics are based on the past 12 NZ Interest Rate Decision events, in which these instruments were all affected
Why this event matters:
In New Zealand, benchmark interest rate is set by the Reserve Bank of New Zealand. The official interest rate is the Official Cash Rate (OCR). The OCR was introduced in March 1999 and is reviewed eight times a year by the Bank. The OCR influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the level of economic activity and inflation.
Disclaimer: Past performance may not be indicative of future performance