NZD/USD traded higher on the inflation-fighting RBNZ statement

The post on the decision is here:

Of importance was this from the Bank:

  • Committee is confident that ain’taining the OCR at a restrictive
    level for a sustained period will return consumer price inflation to
    within the 1 to 3 percent target range this calendar year

Bolding is mine.

NZD/USD popped up but has since come back to be little changed as I update:

Don’t forget the RBNZ no longer has a full employment mandate:

This article was written by Eamonn Sheridan at Source