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NZ RBNZ Interest Rate

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New Zealand
, Reserve Bank of New Zealand
Also known as:
Interest Rate of Reserve Bank of New Zealand
Interest Rate Statement

The RBNZ interest rate indicator has the status of increased attention from news traders. It is delivered on time and usually, in the event of errors in the forecasts, influences the quotes to a large extent. It is the result of the Reserve Bank of New Zealand’s meeting, and the text minutes of the meeting are also published in parallel.

Features of the publication

Delivered without delay
Best for trading among other rates
Published in parallel with minutes
Volatility may not be related to the size of the rate
The spread can be expanded

How to trade NZ RBNZ Interest Rate

If the rate is published above the forecast, then NZDUSD grows

The RBNZ interest rate is one of the most popular indicators of this category, and the reason for this is quite simple: it is here that economists show the greatest number of errors in their forecasts (compared to other interest rates of other Central banks), which increases the chances of obtaining a trading signal.

Despite the fact that for Oceania there is such a thing as “Australian data delay”, the rate of the Reserve Bank of New Zealand is delivered on time and without delay.

In parallel, the minutes of the RBNZ meeting are also published. Often, in the case of a fixed rate (when forecasts are confirmed), the NZD movement still comes to the market. As a rule, the minutes of the meeting are the cause of such movements.

 

It is necessary to closely monitor the market sentiments prior to publication, since during periods of the “acute expectation” of changing the vector of the monetary policy of the Bank any figures or words of the minutes can cause serious volatility which you can take advantage of. For example, if the forecasts do not imply an increase in the rate in the case of any particular release, but the market sentiments themselves suggest that the rate may be raised in subsequent periods, an increase in inflation expectations in the minute's forecasts may trigger a rise in the New Zealand dollar.

History of publications

Date:
08/06/2016
Signal:
Buy 1
Cons:
2.25
Fact:
2.25
Dev:
0.00
React:
Direct:
Pair:
NZDUSD
Others
Date:
09/03/2016
Signal:
Sell 3
Cons:
2.50
Fact:
2.25
Dev:
-0.25
React:
Direct:
Pair:
NZDUSD
Others
Date:
10/06/2015
Signal:
Sell 3
Cons:
3.50
Fact:
3.25
Dev:
-0.25
React:
Direct:
Pair:
NZDUSD
Others

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