Interest Rates 0.5%
Unemployment 5% - 4.9%
NZD Rate 0.1%
Interest Rates 2.5%
Unemployment 6.0 to 5.3%
Data from tradingeconomics.com
"A bit of can grow the economy"- Target 2.0% suggested by most of the Central Bankers..
Lower the Higher the purchasing power.. Higher the value..
NZD rate being 2.5% they can cut rate by few bps .. in order to raise a bit..
Result.. Promote Exports..
Lending Rates reduce more people will borrow and the mid term recovery for NZD (Unlike JPY US rate hike will be affected to NZD as to my think.)
I'm expecting a view for NZD as long as RBNZ will be willing to cut rates.. Or else we will slowly creep up.. for a while.. before effects happen..
0.6802 being the 1st
0.7200 being 2nd resitance area