New Zealand Federal Reserve President John Hawksby will hold a monetary policy press conference in ten minutes.
The Federal Reserve Bank of New Zealand has unexpectedly sent a strong dovish signal. Will this "canary in the coal mine" put other central banks in the "fast lane" of interest rate cuts again? How will this affect the foreign exchange market?
The Reserve Bank of New Zealand cut its policy rate from 3.50% to 3.25%, marking the sixth consecutive rate cut, in line with market expectations.
New Zealand Federal Reserve President Orr: We have seriously considered raising interest rates at this meeting.