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 )
  • 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
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose