Forex
globalreutersAugust 14, 20241 Mins read
Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting too
globalreutersAugust 14, 20241 Mins read Market pricing is for a 29bp cut at the next RBNZ meeting, on October 9
- and 67bp of cuts by November (meeting is Nov. 6)
That is, a 25 bp rate cut is priced for the each of the next two meetings.
NZD/USD update:
Earlier:
- ICYMI – RBNZ cut its cash rate by 25bp, market consensus was for on hold
- NZD/USD marked lower after the Reserve Bank of New Zealand cut its cash rate
- Reserve Bank of New Zealand announce cash rate cut to 5.25%
This article was written by Eamonn Sheridan at www.forexlive.com.
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