I posted previews of the Reserve Bank of New Zealand due today here earlier:
- The NZDUSD sits tight ahead of the RBNZ rate decision
- RBNZ monetary policy announcement due Wednesday - at a new time for the Bank
- Reserve Bank of New Zealand monetary policy meeting - preview
- Deutsche Bank expect the RBNZ to delay rate hike
- ASB dial back their RBNZ rate hike expectations
- Responses to the NZ jobs data miss - RBNZ, NZD
- More on the NZD and RBNZ - Shadow Board sees cash rate firmly on no change
- RBNZ seen on hold
Long story short - they will be on hold but are likely to be quite dovish. NZD should remain under pressure.
The timeline ahead:
- Cash rate announcement due at 0100GMT
- Tomorrow's announcement will be accompanied by the Bank's Monetary Policy Statement, a quarterly event
- Later, coming up at 0200GMT is Governor Orr's news conference
- Later still, due at 1910GMT Orr will appear before a parliamentary committee for a Q&A
