Tag Archives: RBNZ
RBNZ Raises OCR 25 bps to 2.75%, More Hikes Depend on Response
Reserve Bank of New Zealand Thursday raised the official cash rate by 25 basis points to 2.75% for the first time since March 2011,
RBNZ Fires the Starting Gun
The Bank’s published OCR track implies the cash rate will rise by a total of 125 basis points, to 3.75%, by year end. A further 75 basis points of hikes is anticipated through calendar 2015 and then another 50 in 2016.
Daily FX Wrap and Strategy
The NZD/USD sits above 0.8480 this morning as themarket awaits the RBNZ’s meeting today.In the absence of key data releases over the past 24-hours the NZD has traded a path between 0.8440 and 0.8490,
Daily FX Wrap and Strategy
The NZD has continued to trade a fairly tight range over the past 24-hours. It sits around 0.8470 currently. The general lethargy in currency markets this weekcontinued overnight.
Wheeler’s got bottle, kiwi can’t milk it
Graeme Wheeler will be the first G10 central banker to hike rates onWednesday, lifting New Zealand’s OCR 25bps to 2.75%. Domestic indicatorsshow a gradually strengthening economy and
Daily FX Wrap and Strategy
The NZD has maintained a fairly tight range over the past24-hours, sitting just below 0.8470 currently. The NZD/USD has traded without much of a heart-beat inthe absence of key data releases domestically or offshore.
As Much As It Takes
Everyone expects the Reserve Bank to start taking its footoff the OCR accelerator at Thursday’s Monetary PolicyStatement. “Soon” has arrived, and not before time.
Weekly Forex & Interest Rate Outlook
We remain biased towards further upside as we approach the start of the RBNZ’s tightening cycle.While a 25bp hike is fully priced, there is scope for a market reaction if a fast start to
Weekly Commentary
Last week’s data largely supported our outlook for the NewZealand economy. New Zealand’s export commodity pricesrose to a new record, and the terms of trade edged up to seta fresh 40 year high.
Daily FX Wrap and Strategy
The NZD declined along with most of its peers after the release of the US payrolls report on Friday night. It ended the week just above 0.8460.
The Week Ahead in FX
In the week ahead, rate announcements by the Bank of Japan and the Reserve Bank of New Zealand will be in focus. The U.S. is to publish what will be closely watched data on retail sales and consumer sentiment.
This is it – RBNZ Monetary Policy Statement Preview
The Reserve Bank is widely expected to lift the OCR by 25bp to 2.75% next Thursday, as it starts to head off the inflation pressures generated by the strengthening economy and the Canterbury rebuild.