News effect of NZD related market

[Profitable Forex]

The central bank has increased the official cash rate or interest rate of the New Zealand dollar by 0.50%. Although the expectation was to increase by 0.25%, the increase of 0.50% is quite surprising. Such a big decision has been taken due to high inflation and stagnant job market. And with the interest rate hike, the NZD is starting to strengthen and the huge gap in the NZD pair has closed. The current rate is 5.25% which has been increased to 5% post-Covid-19.

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[skrimon]

The decision by the central bank to increase the New Zealand dollar's official cash rate by 0.50% is quite surprising, considering the expectation was for a 0.25% increase. This significant step was taken due to high inflation and a stagnant job market. As a result of the interest rate hike, the NZD is strengthening and the substantial gap in the NZD pair has closed. The current rate stands at 5.25%, up from the pre-Covid-19 rate of 5%.

 

[Latham]

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[LeoFx]

Right choice of broker must help you highly. Study the market more and more to take a conception about the market because it is congenial.

 

[Polakandil]

When central bank hike their interest rate, the impact into currency usually is high, because when central bank raising interest rate, the impact in the economy will involved so many elements in society.

 

[Hardson]

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