The RBNZ left the OCR at 5.5%. The forward profile was lowered, and now implies around a 40% chance of a further OCR increase (down from 75% previously) and is in line with our own assessment.
RBNZ holds cash rate at 5.25% New Zealand dollar declines 1.2% The New Zealand dollar is sharply lower on Tuesday. In the European session, NZD/USD is tra