Christina Leung, Principal Economist at the New Zealand Institute of Economic Research (NZIER) was out with their Monetary Policy Shadow Board’s recommendation on the upcoming Reserve Bank of New Zealand’s (RBNZ) monetary policy decision. Key Quotes: “There is a slightly more divergent view amongst the Shadow Board members relative to the previous round, but the recommendation remains firmly centered on no change to the OCR. Higher global interest rates support a tightening bias, but the heightened uncertainty and low inflation environment indicates little urgency for interest rates to be lifted.” Uncertainty over the effects of new government policies “¦ continues to weigh on business confidence. Firms are seeing…. demand in their own business “¦ continues to hold up at healthy levels. Nonetheless, this uncertainty may impact on firms’ planning over the longer run, and adds to the case for the Reserve Bank to be cautious as to when it lifts interest rates.” 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 Japan PM Abe: BOJ’s easing is not aimed at weakening Yen FX Street 3 years Christina Leung, Principal Economist at the New Zealand Institute of Economic Research (NZIER) was out with their Monetary Policy Shadow Board's recommendation on the upcoming Reserve Bank of New Zealand's (RBNZ) monetary policy decision. Key Quotes: "There is a slightly more divergent view amongst the Shadow Board members relative to the previous round, but the recommendation remains firmly centered on no change to the OCR. Higher global interest rates support a tightening bias, but the heightened uncertainty and low inflation environment indicates little urgency for interest rates to be lifted." Uncertainty over the effects of new government policies "¦ continues… 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.
