From 2019 monetary policy decisions will be announced the day before they are implemented. The Reserve Bank of New Zealand (RBNZ) board members decided to leave the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the … Gold: Bears in the driving seat, but bulls will be keen to reload, EUR/USD retreats after its first attempt to break above 1.2000, Ripple Price Prediction: XRP sits on the verge of an explosive breakout. We want to hear from you. The RBNZ interest rate decision, vaccine developments, a look at gold and the market recap [Video] ANALYSIS | 11/11/2020 6:11:55 AM The Reserve Bank today announced the 2019-2020 dates for releasing its quarterly Monetary Policy Statements (MPS), Official Cash Rate (OCR) decisions, and the six-monthly Financial Stability Reports (FSR).. The bank left interest rate the same at 0.25% as the majority of experts were anticipating. In a letter sent to non-bank financial institutions the central bank disclosed its decision to introduce FLP about 45 minutes before it was publicly announced at 2 p.m. local time (0100 GMT), RBNZ said in a statement. Traders watch interest rate … Traders watch interest rate … AUD/USD hit 0.7406 before easing. RBNZ introduced a new funding-for-lending program (FLP) on Nov. 11 that would reduce costs for lenders, while holding its benchmark interest rate at record lows. Sign up for free newsletters and get more CNBC delivered to your inbox. Westpac said on Tuesday eased its expectation of deeper cuts in interest rate saying it was now expecting the Reserve Bank of New Zealand (RBNZ) to cut rates twice next year to -0.25% by August. Reserve Bank of New Zealand … Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The assets included are New Zealand Government Bonds, Local Government Funding Agency Bonds, and NZ Government Inflation-Indexed Bonds. New Zealand’s government has proposed adding house prices to the central bank’s remit to rein in an overheating property market, prompting investors to reduce bets on lower interest rates. Official Cash Rate (OCR) decisions and current rate. © 2020 CNBC LLC. “The limited information contained in the letter is unlikely to have provided anyone with a market advantage, but the Reserve Bank is taking the matter seriously,” RBNZ said. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights! EUR/USD trades around 1.1940 after failing to break above the psychological threshold. The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Alistair Schultz Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. The high degree of leverage can work against you as well as for you. While Robertson acknowledges in the letter that house prices are influenced by factors outside monetary policy, the RBNZ has come under intense public scrutiny this year for its decision in March to slash the official cash rate to 0.25 per cent from 1 per cent. A guide to how the Reserve Bank of New Zealand releases information including Monetary Policy Statements, Financial Stability Reports and associated media conferences, Official Cash Rate announcements, news releases, speeches, Official Information Act request responses, articles and research and statistics. NZD/USD keeps the choppy trading above 0.6965, easing five pips off-late. Got a confidential news tip? The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. RBNZ is to announce it’s interest rate decision on Thursday during the early Asian morning. RBNZ introduced a new funding-for-lending program (FLP) on Nov. 11 that would reduce costs for lenders, while holding its benchmark interest rate at record lows. A Division of NBCUniversal. The bank's new program and its commitment to hold interest rates steady until March had sent the New Zealand dollar to the highest since March 2019 that day. RBNZ is expected to announce it’s interest rate decision today, at 21:00 (GMT). AFSL is authorised us to provide our services to Australian Residents or Businesses. RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD. The Reserve Bank of New Zealand (RBNZ) said on Wednesday it had accidentally disclosed information about its monetary policy announcement last week to a group of financial services firms before it was made public. The central bank said it has engaged Deloitte to independently review internal processes and will comment further on any outcomes when the review is complete. RBNZ Governor Adrian Orr says low interest rates ensure NZD’s competitiveness, RBNZ FSA struck upbeat statements. It is expected to stay pat at +1.75%. Access to real-time signals, community and guidance now! The letter, however, did not contain specifics of the FLP, it added. RBNZ 11 November Rate Decision Photo by on The RBNZ delivered little in way of surprises in terms of the meeting itself. 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