This morning, the Reserve Bank of New Zealand (RBNZ) cut its key interest rate. According to Forex Factory, the Official Cash Rate was reduced by 50 basis points from 3.0% to 2.5%, while most analysts had expected a smaller cut to 2.75%. Moreover, the RBNZ signalled the prospect of further easing following a recent deterioration […]The post NZD/USD Rate Drops Sharply After Central Bank Decision appeared first on Action Forex.