New Zealand’s central bank (RBNZ) cut its Official Cash Rate (OCR) as expected by 25 basis points (bps) to a three-year low of 3% today. The major surprise was the RBNZ’s monetary policy guidance that ...

Leaving aside the New Zealand dollar, which has been tagged for more than 1% after the dovish forward guidance following the central bank's well-telegraphed rate cut, and the Australian dollar, which ...