Breaking: RBNZ keeps OCR on hold at 0.25%, NZD/USD jumps

The Reserve Bank of New Zealand (RBNZ) board members decided to keep the Official Cash Rate (OCR) steady at a record low of 0.25% in May, as unanimously expected.

The RBNZ maintained the size of its quantitative easing (QE) programme at NZD100 billion.

Funding for lending programme unchanged.

more to come ...

About RBNZ Interest Rate Decision

RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. 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.