Strategists at Standard Chartered Bank expect the reserve Bank of New Zealand (RBNZ) to cut the official cash rate by 25bps each in March and May as the dovish wave sweeping global central banks on coronavirus fears may pressure RBNZ to cut. Key quotes “We now see RBNZ cutting the official cash rate by 25bps each in March and May, versus our previous call of no change in 2020.” “This change in our policy rate call is prompted by the likely coordinated global monetary policy easing following the meeting of G7 finance ministers and central bank governors, the fact that the coronavirus outbreak seems to be more widespread and protracted than previously expected and the start of the decline in inflation expectations and business confidence.” “Furthermore, with elections this year, we expect fiscal stimulus to be more supportive of growth.” “Yield differentials could turn more supportive for NZD-USD short-term. However, we expect the NZD to underperform G10 safe havens such as JPY and CHF, given concerns about the growth outlook and weak risk sentiment.” 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 US: Some slippage expected in the ISM – TDS FX Street 3 years Strategists at Standard Chartered Bank expect the reserve Bank of New Zealand (RBNZ) to cut the official cash rate by 25bps each in March and May as the dovish wave sweeping global central banks on coronavirus fears may pressure RBNZ to cut. Key quotes “We now see RBNZ cutting the official cash rate by 25bps each in March and May, versus our previous call of no change in 2020.” “This change in our policy rate call is prompted by the likely coordinated global monetary policy easing following the meeting of G7 finance ministers and central bank governors, the fact that… 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.
