NZD/USD flows: RBNZ On Hold

RBNZ Kept Rates at 2.25%

The RBNZ kept rates unchanged at 2.25% as expected. They believe the current overshooting CPI will return to target range in this quarter and no change to see it at mid range in 2027. Their forecast to inflation is balanced and likely see no revision needed now.

NZD/USD is trading 0.43% lower at 0.6023.