We expect the RBNZ to cut the OCR by 50bp to 2.5% at its October meeting. An easing bias will likely be maintained that’s dependent on data to come. Signs of greater than expected excess capacity will be highlighted and the prospect of subdued medium-term inflation pressures will motivate the MPC’s decision. The arguments for […]
The post Preview of RBNZ: Getting the OCR to Where It Needs to Be appeared first on Action Forex.
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