Published February 24, 2021 3:46 am est
by Richard F. Cason, 
Currency Analyst, NewsMovesmarketsForex
Key Take away’s-
- Hold the Official Cash Rate Unchanged at .25 percent
- Continue the 100 Billion Large Scale Asset Purchases Program
- Maintain Lending Funding for Lending program unchanged
The Republic Bank of New Zealand committee met on February 24, 2021 and agreed to leave the official cash rate unchanged at .25 percent. The NZDUSD whip sawed to a intra low of .07312 moments after the news release and surged 64 pips to Yearly high’s of .07376 level.
The RBNZ committee said that it would continued its current stimulus program with premise to contain consumer price inflation and employment within it’s normal level’s.
