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We expect NIY to trend upwards right now.

Based on the last 12 Interest Rate Decision events in New Zealand, we expect NIY to trend upwards right now. Based on these past events there is a 77.78% chance of this. We expect NIY to trend upwards for the next 2 hours because the released value is = 0.25%. A price movement of 10,500 pips is expected.

Historical events that allowed us to draw this conclusion

13 May 02:00
12 Feb 01:00
25 Sep 02:00
27 Mar 01:00
13 Feb 01:00
07 Nov 20:00
26 Sep 21:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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