This week’s Reserve Bank of New Zealand (RBNZ) policy decision will help shape trading ranges for the next quarter.
Kiwibank’s economists expect the RBNZ to deliver a 25-basis point cut, lowering the Official Cash Rate (OCR) to 3.0%. According to Kiwibank, another reduction is on the cards, though the pace of easing may not be aggressive enough to provide the stimulus the economy needs.
They argue that a more supportive stance is required to stimulate the lagging economy, suggesting 2.5% would be closer to the right level. A dovish tone from RBNZ Assistant Governor Christian Hawkesby could reinforce this view, and the Kiwi currency could fall towards 58c, giving a bit of relief to exporters.
Kiwibank’s economists expect the RBNZ to deliver a 25-basis point cut, lowering the Official Cash Rate (OCR) to 3.0%. According to Kiwibank, another reduction is on the cards, though the pace of easing may not be aggressive enough to provide the stimulus the economy needs.
They argue that a more supportive stance is required to stimulate the lagging economy, suggesting 2.5% would be closer to the right level. A dovish tone from RBNZ Assistant Governor Christian Hawkesby could reinforce this view, and the Kiwi currency could fall towards 58c, giving a bit of relief to exporters.
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Economic Calendar:
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Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
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blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.