By Krishna K — Apr 12 - 08:50 PM
NZD/USD delicately poised, traders brace for 0200 GMT Wed RBNZ rate decision
Central bank expected to hike 25bps, but 50bps wouldn't surprisenL3N2WA04F
Faces difficult choice: fight inflation with big hike and risk hard landing?
Or raise 25bps with hawkish guidance as no major developments since Feb meet
50bps hike with no change to forward guidance neutral for NZD - Westpac
NZD to test 0.6900 on 50bps hike + indication of above-3.35% end OCR f'cast
Drop to 0.6780-85 likely if rate raised 25bps but with no change to end OCR
For more click on FXBUZ
New Zealand and Canada cenbanks poised to go large Click here
Source:
Refinitiv IFR Research/Market Commentary