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NZD: RBNZ’s FSR point towards heightened risks to economy – RBC CM

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) - Sue Trinh, Senior Currency Strategist at RBC Capital Markets, lists down the main points of the recently released RBNZ’s six-monthly Financial Stability Report (FSR).

    Key Quotes

    “It noted that the risks to the financial system had increased due to the slowdown in the dairy industry and warned of a “damaging correction” in house prices. NZD jumped on these headlines as the market interpreted them as less dovish.”

    “Our economists are happy with a terminal OCR forecast of 2.50%. They still see risks to the downside, but concede the FSR headlines reduce those risks a little.”
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