RBNZ to keep rates on-hold at March policy meeting – Reuters poll

According to the latest Reuters polls, a majority of the economists expect RBNZ to stand pat at its March 10 cash rate decision. While most of them predict a rate cut by the end of Q2 2016.

Reuters poll suggests, 17 economists see RBNZ holding rates at March 10 policy review, four tip a cut.

Mar 8, 2016

AUD: Business survey shows economy performing better than expectations - NAB

Research Team at NAB, suggests that the Australian economy appears to be performing better than many had expected, and this month’s business survey gives no signs that this is wavering.

Output freeze plans already put in gear – UAE Oil Minister Mazrouei

Speaking to reporters in Abu Dhabi on late-Monday, UAE Oil Minister Suhail Mazrouei noted that the UAE has already implemented output freeze plans agreed by a number of major oil producing countries in order to reduce global market glut.