RBNZ says sees neutral rates unchanged around 4.5 pct

FXStreet (Bali) - RBNZ says sees neutral rates unchanged around 4.5 pct, which for some may appear a target way too high considering the deflationary tendencies might be here to stay for a significant period of time.

Jun 11, 2015

RBNZ surprises the market, signals a follow up 25bp cut - Westpac

Imre Speizer, FX Strategist at Westpac, notes how the RBNZ, by cutting the OCR by 25bp to 3.25%, surprised the market, which had earlier priced in only a 44% chance of a cut. Speizer adds that the press release placed much weight on the fall in dairy prices.

S&P affirms the US at AA+, outlook stable

S&P affirms the US at AA+, outlook stable, anticipating US growth at 2.4% this year and slightly below 3% in the years to come. The rating agency added that the Fed could raise rates in Q3 2015.