NZD: RBNZ to take dovish stance and leave rates unchanged - BNZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) - Craig Ebert, Senior Economist at BNZ, suggests that we wouldn’t be surprised, nor complain, if the Reserve Bank took a pause at Thursday’s OCR Review.

    Key Quotes

    “While we can see a scenario for the Bank to keep cutting (think drought, a nasty correction in property prices, global dislocations), we don’t see it as a base case necessity right now.”

    “There is every chance the RBNZ will this week come across more dovish than the market is currently pricing for. The latter, to wit, infers only a half-chance of a 25 basis point cut at the December MPS, and not a full one until March next year. For the meantime – and as Governor Wheeler pointed out in his 28 September speech – much still depends on the data.”
    For more information, read our latest forex news.

Share This Page

free forex signals