Tag Archives: RBNZ
RBNZ raises key interes rate to 3.50% as expected
Nomura: The RBNZ hiked its policy rate by 25bp to 3.50%, in line with market expectations.
Time for a Pause
Our forecast rate track remains unchanged as a consequence of today’s statement. We forecast no change in rates in either September or October and
Daily FX Wrap and Strategy
The NZD/USD sits fractionally higher at 0.8690 this morning, ahead of the RBNZ’s (9am NZT) meeting.
AUD View – BNP Paribas
BNP Paribas thinks that AUD should underperform both CAD and NZD on a relative basis and remains short AUD/CAD.
Markets Outlook – OCR Hike a Case of Risk Management
If this Thursday’s OCR decision was down to just the marginal economic information then there would be some rationale for the Reserve Bank holding fire,
The Week Ahead in FX
In the week ahead, the U.S. is to release what will be closely watched data on consumer prices, home sales and manufacturing orders.
Housing and utilities drive Q2 CPI increase
The 0.3% quarterly increase in Consumer Price Index slightly below our expectations, but in line with RBNZ forecast.
Daily FX Wrap and Strategy
The NZD edged lower on Friday, dipping 0.1% against theUSD to 0.8810.NZD/USD had another peek above 0.8830,
Daily FX Wrap and Strategy
The NZD shrugged off an early-week bout of selling to sit at0.8760 against the USD this morning, up 0.2% for the day.
Warrant for the Reserve Bank’s Arrest
The Reserve Bank’s June Monetary Policy Statement was predicated on the economy starting to slow over the second half of this year.
Financial Markets Wrap – June: Janet Says Jump, Markets Say How High
– The European Central Bank unleashes a policy blitz in effort to stave off the spectre of deflation.
Daily FX Wrap and Strategy
The NZD/USD trades a little higher this morning, around0.8780. The NZD was fairly directionless over the course of the dayyesterday.