CosmicTaco

RBNZ Cuts Rates by 50bps, NZD Surges

CosmicTaco · 2024-11-27T17:30:26.986329+05:30

- The Reserve Bank of New Zealand cut its cash rate by 50 basis points to 4.25%, as expected. - Governor Orr clarified that projections do not indicate a slower pace of future rate cuts. - The New Zealand dollar surged following the announcement, reflecting market reactions. Source: [Forexlive](https://www.forexlive.com/centralbank/westpac-expect-another-reserve-bank-of-new-zealand-50bp-interest-rate-cut-in-february-20241127/), [Forexlive](https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-rbnz-50bp-rate-cut-as-expected-nzd-jumped-anyway-20241127/)

The Reserve Bank of New Zealand cut its cash rate by 50 basis points to 4.25%, as expected.
Governor Orr clarified that projections do not indicate a slower pace of future rate cuts.
The New Zealand dollar surged following the announcement, reflecting market reactions.

Source: Forexlive, Forexlive