RBNZ to keep OCR at 1.75%, retain cautiously upbeat stance - ANZ

Dhwani Mehta FXStreet

In the view of analysts at ANZ, the Reserve Bank of New Zealand (RBNZ) is expected to leave the Official Cash Rate (OCR) at 1.75% at its policy decision later on Wednesday.

Key Quotes:

“The RBNZ will again leave the OCR at 1.75% and retain a cautiously upbeat stance.

Developments since the November Statement have been mixed to say the least, but we are not expecting the broad spirit of its assessment to change a great deal.

A similar interest rate profile is likely (although at the margin the risks are perhaps that it is a touch lower).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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