1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

RBNZ to cut rates by 25 bp next week – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Edinburgh) - In the view of strategists at TD Securities, the RBNZ could lower its benchmark rate by 25 bp at its meeting next week.

    Key Quotes

    “We expect the RBNZ to front-run the U.S. FOMC and cut the cash rate by 25bp to 2.50% and signal more is possible for 2016”.

    “If the RBNZ is serious about inflation targeting via a lower TWI it needs the cut and to lower its bank bill profile for 2016”.

    “Inflation is lower for longer as it is. While there has been a run of solid activity data, that has been about volumes, not prices, and we’ve yet to see it develop into sustained inflationary pressure”.
    For more information, read our latest forex news.
     

Share This Page