New Zealand’s March quarter GDP rose by +0.5%/qtr, matching median expectations, to expand by 2.7%/y, notes Annette Beacher, Chief Asia-Pacific Macro Strategist at TDS. Key Quotes “The OIS strip remains flat at 1.75% throughout H2 this year, lifting to 24% priced for +25bp by end-Q1.” “We expect the OCR to remain at 1.75% (as does unanimous consensus), the Governor to muse that the next move could be “up or down” as per the May policy assessment, and confirm that “this level will remain for a considerable period of time”.” “This non-commitment by the RBNZ to adjust the cash rate one way or the other leaves us neutral the NZD at current levels.” 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 EUR/USD looks vulnerable after the recent consolidation Yohay Elam 3 years New Zealand's March quarter GDP rose by +0.5%/qtr, matching median expectations, to expand by 2.7%/y, notes Annette Beacher, Chief Asia-Pacific Macro Strategist at TDS. Key Quotes "The OIS strip remains flat at 1.75% throughout H2 this year, lifting to 24% priced for +25bp by end-Q1." "We expect the OCR to remain at 1.75% (as does unanimous consensus), the Governor to muse that the next move could be "up or down" as per the May policy assessment, and confirm that "this level will remain for a considerable period of time"." "This non-commitment by the RBNZ to adjust the cash rate one… Top 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.
