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Nov 10 - 02:55 PM

NZD: RBNZ Likely To Maintain A Dovish Tone At November MPS - NAB

By eFXdata  —  Nov 10 - 01:30 PM

NAB Research discusses its expectations for today's RBNZ policy statement. 

"Given the weekly dose of senior RBNZ officials speaking with dovish overtones, it is difficult to see how the MPS can be anything but dovish...

Governor Orr said that negative rates “can be highly effective and highly efficient”. The Bank was also inclined to ignore data showing global and domestic economic recoveries over Q3, with the RBNZ still needing “to operate with a medium-term focus”," NAB notes. 

 

Source:
NAB Research/Market Commentary

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