RBNZ’s Orr: Today was first time monetary policy committee went to vote for a decision
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Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is speaking at the press conference that follows the May monetary policy decision this Wednesday. The central bank delivered a dovish 25 basis points (bps) Official Cash Rate (OCR) rate hike and squashed the Kiwi Dollar.
NZD/USD remains heavy below 0.6200 on Orr’s comment. The pair is trading at 0.6176, down 1.14% on the day.
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