HSBC forecast RBNZ will remain on hold at their June meeting

Author: Eamonn Sheridan | Category: Central Banks

Some early news crossing on NZ

HSBC's outlook for the Reserve Bank of New Zealand  meeting (on June 9) is for the bank to hold the cash rate at its current 2.25%

via Bloomberg with the early headline 

NZ/US is around 0.6694

More detail from HSBC
  • Cite strong growth, inflation expectations have lifted a little (inflation expectations are still a concern for the central bank though           
  • Say a Fed rate hike may ease some of the upward pressure on the NZ dollar
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