RBNZ Expected to Cut Rates Again: What It Means for NZD/USD
The Reserve Bank of New Zealand is anticipated to announce a further rate cut of 25 basis points on May 28. Market forecasts fully incorporate this adjustment, based on the RBNZ’s latest assessments indicating that economic growth concerns persist. Analysts from ING highlight this ongoing trend as a crucial factor influencing the NZD/USD exchange rate. With economic conditions evolving, traders must prepare for fluctuations and consider the implications of continued monetary easing from the RBNZ.