The OCR (Official Cash Rate) was, as expected, kept at record lows of 1.75%. News spread that it would stay at this level through 2019 and into 2020.
The Kiwi rose to its highest level in more than two months on Wednesday.
With little on the economic calendar this week, direction was derived from its US counterpart. The US FOMC rate announcement came in as widely expected but the guidance certainly firmed expectations for a December rate hike in the US.