RBNZ Governor Wheeler: No need for rapid rate cuts - BBH

Sandeep Kanihama FXStreet Contributor

Research Team at BBH, notes that overnight, RBNZ Governor Wheeler said while easing is still likely, he saw no need for rapid rate cuts.

Key Quotes

“With two policy meetings left this year, this suggests no move on September 22 followed by a 25 bp rate cut on November 10. The Kiwi is the top performing major currency today, up nearly 1% and testing the year’s high near .7340. While the RBNZ doesn’t target the currency, Wheeler cannot be happy with ongoing Kiwi strength.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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