4 Dec 2015
NZD: 25bp cut coming from RBNZ - TDS
FXStreet (Delhi) – Research Team at TDS, notes down their expectations from the forthcoming RBNZ meet on Dec 10.
Key Quotes
“The RBNZ steps up on Dec 10 and we expect it to front-run the U.S. FOMC and cut the cash rate by 25bp to 2.5% and signal more is possible for 2016. If it doesn’t, NZD TWI will jump even higher and the RBNZ will miss its inflation target for even longer. Nov home sales and prices worth a look for more evidence of slowing post macro-tools and Q3 manufacturing is the final Q3 GDP puzzle piece.”
Key Quotes
“The RBNZ steps up on Dec 10 and we expect it to front-run the U.S. FOMC and cut the cash rate by 25bp to 2.5% and signal more is possible for 2016. If it doesn’t, NZD TWI will jump even higher and the RBNZ will miss its inflation target for even longer. Nov home sales and prices worth a look for more evidence of slowing post macro-tools and Q3 manufacturing is the final Q3 GDP puzzle piece.”