As expected, the Reserve Bank of New Zealand (RBNZ) left the OCR unchanged at 0.25% and the QE program unchanged at a cap of $100 B, per ANZ Bank. The NZD/USD pair bounced-off monthly lows at 0.6599 to near 0.6620 region but has reverted back to the 0.66 level, down -0.44% on the day. Key quotes “The RBNZ left the OCR and QE cap unchanged today, as expected, and repeated their forward guidance that the OCR will not change before March.” “The RBNZ reminded markets that a lower OCR and bank funding for lending programme (FLP) are the preferred options for further stimulus, noting that the FLP would be ready “before the end of this year.” It will almost certainly be introduced before OCR cuts.” “We continue to expect a 50bp OCR cut in April, with this likely to enter the RBNZ’s published forecasts in the November Monetary Policy Statement.” “The NZD bounced initially on the reiteration of forward guidance. However, the flatter curve implied by the pace of the LSAP being reduced by less than the pace of issuance is likely to weigh on the NZD in coming days, as will the Bank’s reiteration that foreign asset purchase remain under consideration.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Kuroda: Not at stage where we can examine timing, specifics of exit from ultra-easy policy FX Street 2 years As expected, the Reserve Bank of New Zealand (RBNZ) left the OCR unchanged at 0.25% and the QE program unchanged at a cap of $100 B, per ANZ Bank. The NZD/USD pair bounced-off monthly lows at 0.6599 to near 0.6620 region but has reverted back to the 0.66 level, down -0.44% on the day. Key quotes “The RBNZ left the OCR and QE cap unchanged today, as expected, and repeated their forward guidance that the OCR will not change before March.” “The RBNZ reminded markets that a lower OCR and bank funding for lending programme (FLP) are the preferred options… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.