This is weird.
I posted the RBNZ rate cut decision, it was published on time and kudos to all involved.
I then tried to access the statement and meeting record on the Bank’s website and, well, that wasn’t smooth at all. I could access the site but the statement and minutes were there from the October meeting for a good two or three minutes after the rate cut announcement. It took maybe two or three minutes for the November statement and minutes to appear on the site. I guess traffic delays can cause this, and well, **** happens.
The RBNZ do advise that if the website cannot be accessed, subscribers (like me) will receive more timely information via email. Well, this was not the case. Again, maybe **** happens.
However … when the email did arrive, when scrolling down I saw this:
What???
Clicking on that “Read the Statement” brings up the Statement from 28 February 2022! When the Bank was indeed hiking rates.
Seems like poor form to me.
This article was written by Eamonn Sheridan at www.forexlive.com. Source