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Apr 09 - 10:55 PM

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

By Krishna K  —  Apr 09 - 08:50 PM
  • RBNZ to announce rate decision at 0200 GMT/2 PM New Zealand time

  • Economists expect c.bank to hold rates at 5.50% as economy enters recession

  • Traders await guidance on when RBNZ will start reducing rates

  • C.bank likely to retain forward outlook communicated in Feb policy statement

  • May push back on market expectations of an August rate cut

  • Dec quarter inflation data well above RBNZ 1-3% band; Q1 data due April 17

  • OCR track likely to stay unchanged at 5.69%; no press conference Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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