Free Trial

POV - OCR ON HOLD, DOWNSIDE RISKS REMAIN -.....>

RBNZ
RBNZ: POV - OCR ON HOLD, DOWNSIDE RISKS REMAIN
- The RBNZ is unanimously expected to leave the OCR unchanged at 1.75%, with
focus on the accompanying statement for future guidance.
- Despite inflation moving closer to its mid-point target, downside risks to the
global growth outlook remain.
- Increased trade tensions, slowing Chinese growth and weak business sentiment
could see the RBNZ strike a more dovish tone.
- The RBNZ is expected to reaffirm its data dependant stance with main focus on
the future OCR hike path.
Central view - Consistent message, alluding to greater risks to global growth,
data dependant going forward.
Dovish risk - Greater risk from the Chinese economic slowdown, further pressure
in the housing & jobs markets, OCR hike path pushed out.
Hawkish risk - Play down recent data, upgrade inflation & GDP projections.

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.