RBNZ: OCR likely to remain unchanged - TDS

In opinion of analysts at TD Securities, RBNZ’s OCR is expected to remain unchanged in its forthcoming policy setting meeting tomorrow as no-one expects changes for some time.

Key Quotes

“There is only one official rate cut prediction, OIS is 80% priced for a cut by year end.”

“We expect Gov Orr to out-dove the RBA with GDP/CPI downgrades and a rehash of the -100bp scenario that shocked last Aug.”

“The OCR profile could be flat at 1.75% (repeat of March 2015) from the Nov view of +25bp by end-2020.”

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.