💥Important Economic Event this week.💥 The meeting of the Reserve Bank of New Zealand (RBNZ) o

Riki Ismayana Wed, 08/09/2017 - 07:46

💥Important Economic Event this week.💥



The meeting of the Reserve Bank of New Zealand (RBNZ) on August 10th. The RBNZ will announce its interest rate decision at 00:00 MT time.



New Zealand’s central bank is in no rush to raise interest rates in the short-term because of the subdued inflation: consumer prices remained unchanged in the second quarter. At its last meeting in May, the RBNZ kept rates steady at 1.75% and showed no intention to hike rates in the upcoming months.



If such position of the RBNZ is confirmed, then the New Zealand’s dollar will likely decline and provide a decent trading opportunity for active traders.
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💥Important Economic Event this week.💥
The meeting of the Reserve Bank of New Zealand (RBNZ) o