New Zealand RBNZ Interest Rate Decision came in at 3.25% below forecasts (3.5%)

FXStreet.com (Barcelona)

Jun 10, 2015

Greece: Unlikely official debt relief in next few days agreed - S&P

Following news that S&P lowered Greece'S sovereign credit rating to CCC from CCC+, the rating agency adds that Greece delaying payment to IMF on June 5, appears to demonstrate government prioritizing pension, domestic spending over debt service obligations, Reuters reports.

RBNZ cuts interest rates to 3.25%, further easing may be appropriate

The Reserve Bank of New Zealand today cut the Official Cash Rate to 3.25% from 3.5%, while keeping the doors open to ease monetary policy even further down the road.. Consensus had been finely balanced over the past month, with institutional banks making valid arguments for both a hold and a cut, despite a slight majority of forecasters had favoured an unchanged 3.50% outcome.