TenkoFX - Analytics

    TenkoFX

    415.75 7.25/10
    68% of positive reviews
    Real

    RBNZ: Market split between no change and a 25bp rate cut – RBC CMSandeep Kanihama

    Adam Cole, Research Analyst at RBC Capital Markets, suggests that the RBNZ announces its cash rate decision at 22:00 tonight and the market is split between no change and a 25bp rate cut.Key Quotes“OIS is priced for a 50% risk of a cut. Our economists are in the minority (seven of 17 in Bloomberg’s survey) that expect a cut. A persistent undershoot of the inflation target, stronger TWI, and lacklustre dairy prices argue for further easing, although a number of local banks that did expect a near-term cut have pushed their expectation to the August or September meetings.”


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree