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Bearish on NZ swap rates - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Imre Speizer, analyst at Westpac explained that NZ swap rates have scope to fall further, despite the impressive 40bp decline in the 2yr since late Dec.

    Key Quotes:

    "The sharp fall in inflation expectations last week emboldened markets to price in a non-trivial probability of two RBNZ rate cuts this year.

    However there's room to price in more such the 2yr should eventually fall to 2.30% if the OCR falls to 2.0%."
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