Forex Today: All eyes on US inflation data, BoC rate decision – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
During the Asian trading hours, the Reserve Bank of New Zealand announced that it left the policy rate unchanged at 5.5% as expected and noted that rates will need to remain at a restrictive level for the foreseeable future."Committee agreed that monetary conditions are restricting spending and reducing inflationary pressure as anticipated," RBNZ noted in its press release. Despite the pause in tightening,The BoC is forecast to raise its policy rate by 25 basis points to 5%.
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