Note

RBNZ monetary policy meeting this week - preview. Jumbo cut and wait.

· Views 7,190

The Reserve Bank of New Zealand  decision is due at 0200GMT on Wednesday 23 September 2019 

  • Expectations are for on hold (unanimous so according the Bloomberg survey)
A what to expect via Westpac:
  • We think the RBNZ will want to keep the OCR on hold and assess its previous action. 
  • The whole point of the RBNZ's jumbo-sized cut in August was to get ahead of the game. 
  • The RBNZ will probably use language about the "possibility" of a future cut rather than giving an overt signal of imminent easing. 
  • The domestic economy is shaping up weaker than the RBNZ's previous forecast; but offsetting that, the exchange rate is lower.
RBNZ Gov. Orr. A man of action. Often confused with Chuck Norris. They do look alike though don't you think?
RBNZ monetary policy meeting this week - preview. Jumbo cut and wait.
 
----
Not a preview, from earlier:
 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.