NZD/USD flows: 50bps cut as expected

The RBNZ cut by 50bps as expected and guided there are more cuts to come. It seems to suggest the RBNZ is taking the opportunity of lower inflation to ease and stimulates the soft NZ economy. The slightly higher than expected Q4 CPI does not seem to bother them.

NZD/USD dipped on announcement and see NZD/USD down 0.45% to 0.5678.