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Live Forex and economic news. Get the RBA Rate Statement results in real time as they're announced and see the immediate global market impact. The fastest Foreign Exchange market reporting and analysis. RBNZ 11 November Rate Decision Photo by on The RBNZ delivered little in way of surprises in terms of the meeting itself. It bought 69.70 cents at 5 … Technical analysis, headlines, Live quotes. The Reserve Bank of New Zealand (RBNZ) board members decided to leave the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the third straight month in August, as much anticipated. Watch Now; Original Series ... banks’ funding costs and lowering interest rates, the Reserve Bank said in a statement Wednesday in Wellington. Forex news from ForexLive. Here is an extract from the RBNZ's statement: RBNZ introduced a new funding-for-lending program (FLP) on Nov. 11 that would reduce costs for lenders, while holding its benchmark interest rate at record lows. In the event, StatsNZ reported the unemployment rate for Q3 at 5.3 per cent. The Reserve Bank of New Zealand manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system, and supplies New Zealand banknotes and coins. This news conference will start at about 3:00 pm. From a policy perspective, though, housing was the bigger miss. Our report on what this August 2019 Monetary Policy Statement means is here and will be updated as necessary following this news conference.. Wed 13 Nov 2019 ... Category: Central Banks. The RBNZ considered cutting interest rates at their rate meeting last week, but contrary to market expectations, decided against it.This resulted in immediate NZD strength and the RBNZ is … The New Zealand dollar jumped as much as half a U.S. cent on Robertson’s statement, to its highest since 2018, as traders saw less chance of further RBNZ easing. FUNDAMENTAL KINGS 2,941 views. 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