Breaking: RBNZ leaves official cash rate unchanged at 0.25% as expected

The Reserve Bank of New Zealand's Monetary Policy Statement is out. 

There are no forecasts published, so there’s no need for the RBNZ to be prescriptive about precisely when they expect to kick off hikes, but the key notes are as follows:

RBNZ leaves official cash rate unchanged at 0.25% as expected...

More to come...

NZD/USD reaction

As per the prevent analysis, NZD/USD Price Analysis: Bears look for a downside daily extension below 0.6920, the focus is on the downside from a technical standpoint on the daily chart:

However, the immediate reaction is a bid ...

More to come...

CPI data will now be the next event which is out on Friday, and key Q2 labour market data due in three weeks.