NZD soared !!!
CB did not seem overly concerned about a strong NZD. Instead they felt lower currency will help rebalance growth. A lower New Zealand dollar would help rebalance the growth outlook towards the tradables sector.
Longer-term inflation expectations remain well-anchored at around 2 percent.
This is a short term move, NZD is going DOWN technically, fundamentals only create temporary movements and then the price continues in the direction of the technical's with exception of major major announcements, like brexit or trump
rbnz.govt.nz/news/2017/06/official-cash-rate-unchanged-at-1-75-percent
Longer-term inflation expectations remain well-anchored at around 2 percent.
This is a short term move, NZD is going DOWN technically, fundamentals only create temporary movements and then the price continues in the direction of the technical's with exception of major major announcements, like brexit or trump
rbnz.govt.nz/news/2017/06/official-cash-rate-unchanged-at-1-75-percent
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