New Zealand RBNZ Interest Rate Decision meets forecasts (3.5%)

FXStreet.com (Barcelona)

Sep 10, 2014

AUD/USD trims losses but ends below 0.9200

The aussie plummeted on Wednesday during the Asian session in the currency market but then managed to stabilized and recovered ground on American hours.

RBNZ: Further tightening will be necessary

As widely expected, the RBNZ decided to keep rates unchanged, following four consecutive months of hikes, from 2.5% to the current 3.5% level, noting that it is prudent to undertake a period of monitoring and assessment before considering further policy adjustment.

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