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NZD/USD Overview Ahead of The Reserve Bank of New Zealand Official Cash Rate
New Zealand Dollar traders eagerly anticipate the Reserve Bank of New Zealand’s Official Cash Rate (OCR), a critical event that can significantly impact the market. Over the past two years, inflation in New Zealand has mirrored global trends. The CPI Y/Y, encompassing all items, has dropped from its 2022 peak of 7.30% and currently rests at 4.00%. Despite this decline, New Zealand’s CPI remains relatively high compared to other global economies, indicating a unique economic landscape. Traders will also pay attention to domestic (non-tradeable) inflation, which measures goods and services that do not face foreign ... (full story)