Nomura says the RBNZ is on hold until March of 2016

Discussion in 'Fundamental Analysis' started by ForexLive, Dec 10, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Following the RBNZ decision earlier today, Nomura (via eFX) However, given the risks to the outlook, there is a high probability that more cuts will be needed if the economy does not evolve as expected. So the policy stance remains slightly dovish, indicating that rates are likely on hold in the short term, but that the likelihood of further cuts remain non-negligible. As such, if the NZD remains stronger than the path expected in the Monetary Policy Statement, the RBNZ will likely need to react and cut rates further.

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