Some NZD items about as the new week opens - RBNZ seen on hold

Author: Eamonn Sheridan | Category: Central Banks

A few items around the place on New Zealand as the new forex week gets underway

Westpac have updated their outlook for the Reserve Bank of New Zealand:
  • See "no change in the OCR over 2019, 2020 and 2021 … OCR outlook is evenly balanced for the foreseeable future"
  • (WPAC economists had previously expected the Bank to hike November 2020 )
Citing:
  • outlook for the construction sector, activity to top out in 2019, diminish from 2020
  • economy has lost momentum late last year
---
PS the RBNZ monetary policy meeting is this week 
  • WPAC expect RBNZ to move to a neutral forecast for official cash rate
 
ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose