The Reserve Bank of New Zealand (RBNZ) is likely to keep all policy settings unchanged and analysts at TD Securities see a similarly neutral reaction in the kiwi. RBNZ is not rocking the boat “We expect the MPC to keep all policy settings unchanged. Specifically, that means the OCR will remain at 0.25%, LSAP to total NZ$100b through August 2022, and for the FLP commitment to stay intact. There will be no forecasts or press conference alongside this policy announcement.” “We anticipate a neutral statement. We expect the Bank to reiterate the need for ‘considerable time and patience’ to meet its inflation/employment goals and for it to be open to deploy negative interest rates if necessary. Market reaction should prove similarly neutral.” “In our base case, we look for NZD/USD to hold steady and track broader market direction overall. A hawkish surprise could see the NZD/USD pair test resistance around the 0.7105 mark, but we see this as quite unlikely. A dovish outcome could see the kiwi lower toward 0.6965.” 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 AUD/USD retreats to 0.7600 area amid broad USD strength FX Street 2 years The Reserve Bank of New Zealand (RBNZ) is likely to keep all policy settings unchanged and analysts at TD Securities see a similarly neutral reaction in the kiwi. RBNZ is not rocking the boat "We expect the MPC to keep all policy settings unchanged. Specifically, that means the OCR will remain at 0.25%, LSAP to total NZ$100b through August 2022, and for the FLP commitment to stay intact. There will be no forecasts or press conference alongside this policy announcement." "We anticipate a neutral statement. We expect the Bank to reiterate the need for 'considerable time and patience' to meet… 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.
