Tonight: The decision of the Reserve Bank of New Zealand
Dear traders,
After the most expected news of this day, at 22:00 (Kiyv), the decision of the Reserve Bank of New Zealand on interest rate will be announced.
Virtually none of the experts predict changes in the monetary policy of the Reserve Bank of New Zealand. This meeting will be the last one under the leadership of Grant Spencer, who will be succeeded on March 27 by Adrian Orr.
Before Orr takes up his duties at the new post, a plan of the achievement of the target level of inflation (Policy Target Agreement) must be announced. This document takes on special importance because of the new government of the country and the new head of the Reserve Bank of New Zealand.
In particular, investors are particularly interested in details of the government’s plan to create new jobs and the Reserve Bank of New Zealand’s plan to maintain price stability. (Investing.com)
Have a good evening and active trading, Gentlemen!
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