MNI: Macklem Says BOC Getting Closer To Rate Cut Conditions

BOC: RECENT DATA HAVE SHOWN DIFFERENT TRENDS THAN U.S.

BOC MACKLEM SENATE STATEMENT SIMILAR TO PAST COMMENTS

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

Inflation Higher On Imported Products

MNI: SWISS APR CPI +0.3% M/M, +1.4% Y/Y

MNI: SWISS MAR RETAIL SALES -0.4% M/M, -0.1% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

VIEW: Westpac Look For 50bp Hike & Pull Down In OCR Track Peak To 5.30%

RBNZ

Westpac expect Wednesday’s RBNZ MPS to deliver a “50bp hike, a slowdown from November’s 75bp pace, and to reduce the peak OCR forecast from 5.50% to 5.30%. That is because the net sum of economic developments since November are worth -25bp, our Ready Reckoner model estimates. The main changes have been Q3 GDP, which was stronger than the RBNZ had forecast, and Q4 CPI inflation, which was weaker. Our model estimates are usually close to the mark, at least in terms of direction of change, with the Covid outbreak in 2020 a notable exception.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.