AUD/NZD inches higher to near 1.0900 as RBNZ maintains Official Cash Rate at 3.25%

  • AUD/NZD holds ground after the Reserve Bank of New Zealand (RBNZ) decided to stand pat on the policy rate after six consecutive cuts, trading around 1.0890 during the Asian hours on Wednesday. The RBNZ board members maintained the Official Cash Rate (OCR) at 3.25% in the July policy meeting, aligned with the market expectations.