We have Wheeler speaking at a parliament committee after today’s surprise cut and he has told markets that everything now boils down to data.
RBNZ’s Wheeler has not given markets anything more than what the statement that accompanied the release offered in terms of an insight to the outlook for the path of interest rates in the New Zealand economy.
RBNZ cuts rate to 2.25% in unexpected move
Full statement RBNZ, March 10th
(Market News Provided by FXstreet)