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Apr 12 - 10:55 PM

NZD/USD - Quiet Ahead Of Finely Balanced RBNZ Rate Decision

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

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