The Reserve Bank of New Zealand (RBNZ) is widely expected to maintain the Official Cash Rate (OCR) at 5.50% for the sixth consecutive meeting in a row following the conclusion of its monetary policy meeting on Wednesday. The New Zealand Dollar (NZD) is primed for a big market reaction to the RBNZ policy announcements despite the absence of RBNZ Governor Adrian Orr’s press conference and the publication of updated economic projections. What to expect from the RBNZ interest rate decision? As a rates on-hold decision is fully priced in, markets will closely scrutinize the language and the tone in the Reserve Bank of New ... (full story)