Free Trial

VIEW: J.P.Morgan note that "GDP growth has.....>

RBNZ
RBNZ: VIEW: J.P.Morgan note that "GDP growth has slowed while mortgage spreads
are wider and the exchange rate is higher than after the 50bp cut in August. But
the global central bank impulse to ease has moderated, and this significantly
reduces near-term pressure to act. We have pushed out our call for a February
rate cut in Australia, and this gives Governor Orr more space. It still seems
likely growth will keep falling short of what's required to deliver the dual
mandate, forcing the RBNZ back to action eventually. We are pushing out our call
for 25bp cuts in February and May, to August and November."
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.