RBNZ: OCR likely to remain unchanged - TDS

Sandeep Kanihama FXStreet Contributor

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.”

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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