New Zealand central bank unexpectedly holds OCR at 2.75%
New Zealand’s central bank unexpectedly kept its official cash rate at 2.75% on Wednesday. The New Zealand dollar rose in response.
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New Zealand central bank holds OCR at 2.75% unexpectedly
The Reserve Bank of New Zealand kept its official cash rate at 2.75% on Wednesday, sending the New Zealand dollar sharply lower as investors scaled back rate-hike expectations.