NZD marked higher on the RBNZ policy decision and statement

The Reserve Bank of New Zealand hiked its cash rate for the third consecutive time. The previous meeting was way back in November.

In addition to the hike the Bank said it’d be gradually reducing its bond holdings (under the Large Scale Asset Purchase program – LSAP) via bonds maturing and sales.

NZD/USD higher:

nzdusd rbnz 23 February 2022

Reserve Bank of New Zealand Governor Orr press conference is due at 0200 GMT.

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