RBNZ’s Orr: Today was first time monetary policy committee went to vote for a decision

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.

Key quotes

Today was first time monetary policy committee went to vote for a decision.

Outlook for fiscal spending contractionary on demand.

May 24, 2023

EUR/USD Price Analysis: Double bottom around 1.0760 keeps Euro buyers hopeful

EUR/USD glides on a dicey floor with mild gains around 1.0775 as it waits for the key catalysts on early Wednesday in Europe. In doing so, the Euro pa

NZD/USD Price Analysis: Eyes fresh monthly low below 0.6220 confluence on less hawkish RBNZ’s Orr

NZD/USD remains on the back foot around a three-week low under 0.6200, close to 0.6180 by the press time, even as Reserve Bank of New Zealand (RBNZ) G