RBNZ: Highly unlikely to alter the stance of monetary policy - Westpac
|The RBNZ is highly unlikely to alter the stance of monetary policy next week, due to election uncertainty, feels the analysis team at Westpac.
Key Quotes
“Fortunately, the economic situation is such that the RBNZ can afford to sit on its hands.”
“We expect no change in the OCR next week, and a repeat of previous monetary policy guidance. – Beneath this placid surface, there is a lot going on with monetary policy.”
“In time, we expect the RBNZ will have to reduce its GDP and house price forecasts, which will affect the stance of monetary policy.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.