RBNZ monetary policy statement due today - NZD scenarios
The Reserve Bank of New Zealand policy announcement is due at 0100GMT on Wednesday 24 February 2021, earlier previews here:
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.
- NZD/USD would rise by 1c.