MNI: UK SEP CONSTRUCTION PMI 57.2 (FCST 53.1); AUG 53.6

MNI: EUROZONE SEP CONSTRUCTION PMI 42.1; AUG 41.4

MNI BRIEF: Japan's PM To Compile Stimulus Measures Swiftly

MNI NBP WATCH: Rates Held As Energy, Wages Push Up Prices

MNI BRIEF: NBP Keeps Key Interest rates unchanged

MNI BRIEF: Turkish Inflation Expectations Ease As CBRT Holds

MNI: FRANCE AUG INDUSTRIAL PRODUCTION +1.4% M/M, +0.5% Y/Y

SWISS SA UNEMPLOYMENT RATE 2.6 (AUG 2.5, FCAST 2.6)

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.046T IN WEEK

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI RBNZ WATCH: MPC To Weigh Easing Pace, 50bp Cut Eyed

The RBNZ MPC will decide on the OCR next Wednesday.
USPolicy NewsCentral Bank NewsHomepageBellRBNZAPACExclusiveNew ZealandNorth AmericaWatchGlobalStoryRegion

MNI (SYDNEY) - The Reserve Bank of New Zealand is expected to lower the official cash rate by 50 basis points when it meets on Oct 9, but there is a chance it could stick to a 25bp move as it awaits quarterly CPI and labour metrics before making a bigger cut at the November meeting. 

While markets have priced in a 50bp move lower to 5.25%, some former RBNZ economists have told MNI they believe the Monetary Policy Committee could wait until it publishes an updated monetary policy statement before increasing the tempo of cuts. Others noted recent data suggests the Bank will act swiftly to ensure it remains ahead of the curve. (See MNI: RBNZ To Consider Strong Easing Tempo - Former Econs)

Keep reading...Show less
383 words

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.

MNI (SYDNEY) - The Reserve Bank of New Zealand is expected to lower the official cash rate by 50 basis points when it meets on Oct 9, but there is a chance it could stick to a 25bp move as it awaits quarterly CPI and labour metrics before making a bigger cut at the November meeting. 

While markets have priced in a 50bp move lower to 5.25%, some former RBNZ economists have told MNI they believe the Monetary Policy Committee could wait until it publishes an updated monetary policy statement before increasing the tempo of cuts. Others noted recent data suggests the Bank will act swiftly to ensure it remains ahead of the curve. (See MNI: RBNZ To Consider Strong Easing Tempo - Former Econs)

Keep reading...Show less