The RBNZ will have to do more than cut by 25bps to lower the kiwi

Discussion in 'Fundamental Analysis' started by ForexLive, Aug 10, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    That's the view of some bank analysis ahead of the meeting Westpac "In this scenario (a 25% chance we think), NZD/USD would fall by 1c and the 2yr swap rate by around 10bp. An extremely dovish scenario would see the RBNZ cutting by 50bp. That would push NZD/USD 2c lower, and 2yr swaps around 20bp lower. However we see less than a 10% chance of that."

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