Anyone know what to expect from the interest rate announcement in a few hours? If it comes out as expected (8.25%) do you guys see a drop or a gain happening for nzd/usd? any other tidbits of information anyone has?
“New Zealanders have been showing early signs of moderating their borrowing.
Provided they keep this up, and the pressure on resources continues to ease, we think the four successive OCR increases we have delivered will be sufficient to contain inflation.”
Seems like they are done increasing interest rates, nzd/usd should drop
