Reserve Bank of New Zealand: interest rates remained unchanged in March

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Source: Forexpros
The Reserve Bank of New Zealand held its key interest rate steady for the eight month in line. The interest rate was kept at 2.50% this month as sustained appreciation of the New Zealand currency eliminated the need for increasing core interest rate. After the announcement, the New Zealand Dollar posted gains against the greenback and NZD/USD traded at 0.8213, soaring by 0.59%.


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