Tag Archives: NZD
Governor Bollard ‘comfortable’ with current level of NZ interest rates
Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard gave an extended radio interview this morning following his recent attendance at the IMF, World Bank and G20 meetings in Washington. The general tone of the interview was very much in line with the recent RBNZ September MPS and our view that the RBNZ will follow […]
AUD, NZD and RBNZ forecast change: The storm before the calm
The AUD and NZD have lost significant ground in recent days as global macro conditions have deteriorated further. As discussed in detail in the FX Quarterly, we expect a deterioration of the European crisis to extend the short-term underperformance of cyclical assets globally, as well as strengthen the USD because of its safe-haven status.
New Zealand: RBNZ September MPS – RBNZ keeps door open for hikes
The Reserve Bank of New Zealand (RBNZ) left the Overnight Cash Rate (OCR) unchanged at 2.50%, in line with the consensus forecast and market pricing. The Statement was more dovish than the June MPS, in line with our expectations (see New Zealand: RBNZ September MPS – Not that dovish, 14 September 2011). Governor Bollard noted […]