RBNZ: No fireworks coming - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, the RBNZ OCR Review is widely expected to make the smallest ripple possible tomorrow.

Key Quotes

“The recent Dec quarter GDP report revealed that domestic demand was strong (consumption and investment, public and private) while trade was thought to be neutral for growth, but in the end added another +0.6%pts.”

“With inflation expectations anchored just above 2% and maximum sustainable employment achieved, there are no triggers for the RBNZ to change its February stance where the next cash rate move “could be up or down”, and that the cash rates is likely to stay “unchanged through 2019 and 2020”. There are no updated forecasts, no OCR forward guidance nor press conference, these are scheduled for 8 May.”

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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