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Feb 27 - 08:55 PM

NZD/USD - What To Watch For In The RBNZ Rate Decision

By Krishna K  —  Feb 27 - 06:50 PM
  • RBNZ to announce rate decision at 0100 GMT/2 PM New Zealand time

  • Economists expect c.bank to hold rates at 5.50% as economy contracts in Q3

  • Markets price in 20% chance of a hike as inflation sticky, jobs market tight

  • Split between economists and market pricing suggests scope for volatility

  • "Hawkish hold" with c.bank retaining option of further tightening likely

  • OCR track to stay unchanged at 5.69%; Governor Orr press conference 0200 GMT

  • Surprise rate hike may result in NZD rally to resistance at 0.6244, 0.6292

  • Slightly Lower OCR track would be dovish, open test of 0.6108, 0.6082-90

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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