Free Trial

VIEW: ANZ: Heron Now

RBNZ

ANZ note that Assistant Governor Hawkesby's earlier address "stressed that in times of uncertainty, a measured policy approach is appropriate - the adaptable approach of the white heron (kōtuku), rather than a 'hawk' (kahu) or 'dove' (kererū). We never thought a 50bp move was a likely start to the hiking cycle; this confirms it. Our OCR forecast is unchanged, with 25bp hikes to come in October and November, with steady hikes thereafter taking the OCR to 1.5% by August next year."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.