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Oct 04 - 06:55 PM

NZD: Limited Room For Upside; Some Scope For Disappointment From The RBNZ - ANZ

By eFXdata  —  Oct 04 - 03:00 PM

ANZ Research discusses NZD outlook around this week RBNZ policy meeting.

"Despite recent domestic uncertainty, owing to a fresh COVID-19 outbreak in Auckland, the New Zealand economy remains a standout amongst G10 peers. While we expect the RBNZ to hike in both October and November, aggressive pricing of the RBNZ’s tightening cycle beyond this is likely to leave some scope for disappointment," ANZ notes.

"This will be a particular concern for the NZD as global vaccination rollouts drive economic convergence across developed market peers," ANZ adds. 

Source:
ANZ Research/Market Commentary

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