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Aug 07 - 01:24 AM
NZD: RBNZ To Cut Rate & Maintain A Dovish Guidance Tonight - Citi
First appeared on eFXplus on Aug 06 - 05:00 PM

Citi Research discusses its expectations for tonight's RBNZ July policy meeting.

"Citi analysts expect the RBNZ to keep the OCR stable at 1.50%, but policy guidance should remain dovish," Citi projects. 

"In looking at the economic outlook, the RBNZ MPC is likely to continue to focus on the balance between the downside risks to global growth from geopolitical tensions and ongoing weak domestic business sentiment versus likelihood of stronger government spending and better starting point for 2019 of Q1 GDP growth being stronger than expected," Citi adds. 

Source:
Citi Research/Market Commentary

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