Tag Archives: RBNZ
Daily FX Wrap and Strategy
The NZD/USD has been the strongest performer amongst its peers over the past 24-hours, rising 1.3%. It sits around 0.7980 this morning.
Australia & NZ Economics Weekly – Influences on breakeven inflation
With RBA models showing that 10y breakeven inflation helps anchor underlying inflation, we have looked at he ability of a large range of economic and
Guns on safety, cannons moving in to place
The Canterbury rebuild is off to the races, while the rest of the economy is not too far behind.
Key tensions to keep RBNZ on hold at June meeting
• RBNZ expected to leave OCR on hold at 2.5%, but continue to highlight key tensions between housing market and NZD.
RBNZ Stuck in a Vortex
• Prudential tightening very close • As housing goes nuts • Wheeler talking the currency lower
Economy Watch
– We continue to expect a first Official Cash Rate hike in March 2014 – And thereafter a steady ‘normalisation’ of the OCR to a peak of 4.50% in mid-2015
RBNZ Preview: Tension between housing and NZD intensifies further
– The RBNZ is expected to leave OCR unchanged at 2.5% at the April OCR Review (Wednesday 24th April).
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 […]