nzd rbnz

At its August monetary policy meeting held overnight, as anticipated the RBNZ kept rates unchanged disappointing the bulls with a more dovish tone than expected. Commenting on the outlook for the bank’s rate path, the RBNZ reaffirmed its message that “the direction of our next move could be up or down”. However, in a more dovish twist, the bank ...

2018-08-09 James Harte Read more
NZD_Inflation_New Zealand

Summary: RBNZ’s June monetary policy meeting saw no changes to the OCR, which remains steady at 1.75% RBNZ leaves forecasts unchanged from the May policy meeting Expects further cooling in home prices Inflation expected to remain soft on weaker energy prices Notes that a weaker exchange rate could help to rebalance growth R...

2017-07-26 John Benjamin Read more
NZD_Inflation_New Zealand

Stronger Than Expected NZ 3Q Inflation The release of 3Q Inflation data for New Zealand surprised markets last night with a stronger than expected print of 0.2% QoQ vs. 0% expected. Rate cut expectations continued to build ahead of the meeting with rates markets pricing around an 85% chance of the RBNZ easing at their next meeting. Reduced pet...

2016-10-18 James Harte Read more
NZRB kiwi bank

The Reserve Bank of New Zealand is due to meet late this evening for its final monetary policy review for this year. Heading into the meeting, the expectations are for the RBNZ to deliver a 25bps rate cut, bringing down the benchmark interest rates from 2.50% to 2.25%. If the RBNZ does indeed cut rates, it would bring the New Zealand interest ra...

2015-12-09 John Benjamin Read more