8 Jun 2015
RBNZ rate cut unlikely this week – Westpac
FXStreet (Barcelona) - According to Imre Speizer of Westpac, the RBNZ will leave the OCR on hold in this week’s meeting but might signal for easing ahead in the future.
Key Quotes
“Developments over the past week or two have served to increase the odds of OCR cuts later this year. However, we remain firmly of the view that the RBNZ will leave the OCR on hold this week (11 June). It is possible that the Monetary Policy Statement will give an explicit signal of future cuts. But slightly more likely, the RBNZ will stick to the conditional easing bias it articulated in April.”
Key Quotes
“Developments over the past week or two have served to increase the odds of OCR cuts later this year. However, we remain firmly of the view that the RBNZ will leave the OCR on hold this week (11 June). It is possible that the Monetary Policy Statement will give an explicit signal of future cuts. But slightly more likely, the RBNZ will stick to the conditional easing bias it articulated in April.”