8 Jun 2015
Opinions divided regarding RBNZ decision – BBH
FXStreet (Edinburgh) - The research team at BBH gives its views on the RBNZ meeting due on Wednesday.
Key Quotes
“The Reserve Bank of New Zealand meets on June 10”.
“The cash rate currently stands at 3.5%. The OIS market is discounting roughly a 50% chance of a cut”.
“We had been leaning more in favor of a cut, but the 7.25% decline in New Zealand dollar against the US dollar since mid-May may have removed some urgency”.
“It finished at new multi-year lows against the dollar”.
“We are concerned that the RBNZ either disappoints those looking for a cut or that there is a “sell the rumor, buy the fact" type of activity”.
Key Quotes
“The Reserve Bank of New Zealand meets on June 10”.
“The cash rate currently stands at 3.5%. The OIS market is discounting roughly a 50% chance of a cut”.
“We had been leaning more in favor of a cut, but the 7.25% decline in New Zealand dollar against the US dollar since mid-May may have removed some urgency”.
“It finished at new multi-year lows against the dollar”.
“We are concerned that the RBNZ either disappoints those looking for a cut or that there is a “sell the rumor, buy the fact" type of activity”.