It’s time to prepare for the upcoming RBNZ Interest Rate Decision.
Analysts are predicting no change this time around. They’ve been correct with their forecasts since February 2020, although this is to be expected given the current pandemic.
The RBNZ acted in a more aggressive manner than The RBA. They decreased rates from 1% in February 2020 to 0.25% in March 2020.
Although world economies are starting to try to get back to a new ordinary, analysts still predict no change in Interest Rates yet. Will they continue their correct predictions?
Interest Rate Decisions always carry the potential for colossal volatility spikes and should be considered a hazardous time to trade.
Are you a news trader?
Or maybe a breakout trader?
If you plan to trade The RBNZ Interest Rate Decision, Tweet us how you plan to tackle the volatility storm should it surface!
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