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The Reserve Bank of New Zealand (RBNZ) board members decided to leave the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the third straight month in August, as much anticipated.

The RBNZ expanded its quantitative easing (QE) programme size to NZD100 billion.

Kiwi extends the drop below 0.6550 on dovish RBNZ decision. 


more to come ….