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Apr 12 - 06:55 PM

NZD: RBNZ - Expecting No Change To Policy And Little Or No Change To Policy Guidance This Week - Nomura

By eFXdata  —  Apr 12 - 03:00 PM

Nomura Research discusses its expectations for this week's RBNZ policy meeting 

"The RBNZ meeting on 14 April should be the clear highlight of the week. With mixed macro forces, and with QE continuing elsewhere, and US Fed Chair continuing to sound patient, we expect no change to policy and little or no change to policy guidance from the RBNZ," Nomura notes. 

"Solid growth in NZ’s major trading partners (China and Australia) and higher dairy prices remain positive forces for NZD and we still expect NZD/USD to grind higher over the year, with the risk factor being difficult-to-predict swings in global sentiment," Nomura adds. 

Source:
Nomura Research/Market Commentary

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