RBNZ monetary policy statement due today - NZD scenarios

Author: Eamonn Sheridan | Category: Central Banks

The Reserve Bank of New Zealand policy announcement is due at 0100GMT on Wednesday 24 February 2021, earlier previews here:

Westpac have outlined their scenarios, this a snippet from their piece:

We expect ... all policy settings unchanged, which is widely expected. 
  • Markets will look for hints in the narrative
A dovish scenario (25% chance ...) would comprise a signal that the current degree of accommodation is likely to be maintained for a long time. 
  • NZD/USD would fall by 0.5c.
A hawkish scenario (25% chance) would comprise hints on QE tapering (Westpac expects the LSAP programme to be reduced at the August meeting). 
  • NZD/USD would rise by 1c.





Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose