Decision on interest rate of the Reserve Bank of New Zealand at short-term interest rates will be announced. The decision depends mainly on the growth outlook and inflation. The main goal of the central bank is to achieve price stability. High interest rates attract foreigners who are looking for the best option of “risk-free” income for their money, which can dramatically increase the demand for the country’s currency. The data above the forecast strengthen the NZD, and the data below the forecast put pressure on the national currency.
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