RBNZ Holds Rate at 2.75%, Kiwi Dollar Slides a Cent in Minutes

The Reserve Bank of New Zealand announced a split‑decision vote to keep the official cash rate (OCR) unchanged at 2.75%.

Within minutes of the announcement, the New Zealand dollar slipped close to a cent against the U.S. dollar, a move that caught traders off guard.

Commentators have taken a light‑hearted view of the sudden dip, likening the market’s reaction to a flock of sheep unexpectedly finding a trampoline.

Analysts now face the task of interpreting a steady policy rate alongside a volatile currency, while investors keep a cautious eye on the kiwi’s next steps.