Free Trial
JGB TECHS

(H3) Extends Bounce Off Lows

USDCAD TECHS

Pierces The 50-Day EMA

US TSYS

Risk Buoyed Ahead Fed Blackout

NEW ZEALAND

Chris Hipkins Named To Succeed Jacinda Ardern As PM

AUDUSD TECHS

Remains Above Support At The 20-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

VIEW: BNZ note that "we see no reason to.......>

RBNZ
RBNZ: VIEW: BNZ note that "we see no reason to change our view that the cash
rate is on hold until the first quarter of 2022. Risks are two way. In the event
the coronavirus gets really nasty, in a GDP growth sense, it is reasonable to
assume the RBNZ would cut the cash rate in May or August. On the flip side, if
the coronavirus' impacts are short-lived and our assumed fiscal easing is
announced then a rate increase in the first quarter of next year looks
increasingly plausible and might be accompanied by a more aggressive rate track
thereafter than we have currently assumed."
- "In terms of the RBNZ's interest rate track, it is noteworthy that the low in
the OCR path has been raised from 0.9% to 1.0%. This is a very specific
indication that the Bank no longer holds an easing bias. Moreover, by June 2021
the interest rate track is 20 basis points higher than in November and the cash
rate rises to 1.9% by the March quarter 2023. At face value, the track implies a
first rate hike around the September quarter 2021."
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

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.