Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Mar 16 - 12:55 PM

AUD, NZD: RBA And RBNZ Still On Track To Hike 25bps In April - Citi

By eFXdata  —  Mar 16 - 10:45 AM

Citi summarizes its expectations for the RBA and the RBNZ policy trajectory in April.

"AUD: The February unemployment rate fell to 3.5% vs 3.6% consensus, which Citi Economics think should tip the balance at the April RBA Board meeting to another +25bp move in April, as well as keep optionality for further hikes," Citi notes. 

"NZD: From here, Citi Economics thinks that the RBNZ now needs to pull back from guidance towards 5.50% on the OCR. They retain their view for one further 25bp hike to 5.00% but no more," Citi adds. 

Citi Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved