Free Trial

Further to the 0745GMT bullet and gaining......>

KIWI
KIWI: Further to the 0745GMT bullet and gaining traction is ANZ updated their
RBNZ forecasts overnight following the soft GDP release to cut the cash rate
this time next year.
ANZ expect two more cuts after that both in early 2020, which will take the cash
rate to 1.0%.
More (comment from ANZ) :
There are multiple drivers of this changed call but in short they come down to a
weaker outlook for medium-term inflation, risks around global growth and
liquidity, and the proposed capital changes for banks. Our view of the New
Zealand growth outlook has not materially changed.
The RBNZ is likely to conclude that economic momentum is insufficient to deliver
inflation sustainably at the midpoint.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.