RBNZ: Highly unlikely to alter the stance of monetary policy - Westpac

Sandeep Kanihama FXStreet Contributor

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.”

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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