Market pricing for Reserve Bank of New Zealand (RBNZ) implies only a near-zero chance of easing on 12 February, with a terminal rate of 0.83% (RBNZ OCR currently at 1.0%), according to Westpac analysts. The expectations for additional easing in February fell sharply over the last two months, courtesy of the central bank’s surprise decision to keep rates steady in November and due to easing of US-China trade tensions. That said, markets are still pricing over a 60% chance of one cut by RBNZ this year. The odds may rise further if the coronavirus outbreak weighs over growth, as fears by New Zealand’s Treasury. The RBNZ shocked markets with a 50 basis point rate in August 2019 and has kept the benchmark rate unchanged at a record low of 1% ever since. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stocks drop as China’s return from holidays brings 9% loss FX Street 2 years Market pricing for Reserve Bank of New Zealand (RBNZ) implies only a near-zero chance of easing on 12 February, with a terminal rate of 0.83% (RBNZ OCR currently at 1.0%), according to Westpac analysts. The expectations for additional easing in February fell sharply over the last two months, courtesy of the central bank's surprise decision to keep rates steady in November and due to easing of US-China trade tensions. That said, markets are still pricing over a 60% chance of one cut by RBNZ this year. The odds may rise further if the coronavirus outbreak weighs over growth, as fears… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
