Tag Archives: RBNZ

BNZ Strategist

The NZD popped more than 100pts higher after the RBNZ MPS,

OCR on hold, statement exactly in line with our expectations.

The Reserve Bank acknowledged that inflation continues to surprise to the downside.

RBA shifts weaken the AUD, but two cuts are now increasingly priced.

As the year and approaches, FX volatility should come down.

We don’t have any inside knowledge of whether the RBNZ Governor attended the recent Rolling Stones concert.

This afternoon’s ANZ Business Outlook survey was fundamentally encouraging,

The NZD/USD is unchanged relative to its level yesterday morning (0.7870),

There is a popular perception that the Bank will use this Wednesday’s FSR to announce the removal of its loan-to-value-ratio (LVR) restrictions.

At its most recent OCR Review the RBNZ left its cash rate unchanged at 3.50%, as widely expected.

Equity markets collapsed and subsequently recovered in October, with global growth worries widely blamed.

The RBNZ has been spooked by the fact that it can’t find any inflation.