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Nov 26 - 08:55 PM

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

By Krishna K  —  Nov 26 - 06:40 PM

Corrects time in second line

  • RBNZ to announce rate decision, OCR projections at 0100 GMT/1400 NZ time

  • Monetary Policy Statement media conference starts at 0200 GMT

  • 27 of 30 economists in RTRS poll expect c.bank to cut rates 50 bps to 4.25%

  • Traders more dovish, price in 100% probability of 25 bps cut, 45% of 75 bps

  • RBNZ seen paving way for a further easing on waning inflation, weak growth

  • Updated OCR forecasts, any revision to terminal rate currently around 3% key

  • RBNZ's growth projections for 2024 and CPI forecasts will be updated

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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