The BNZ Research Team lowered the profile for the Reserve Bank of New Zealand interest rates. They think the RBNZ will defer due to: global growth outlook deterioration, a little less aggressive Federal Reserve, soft NZ Q3 retail sales, and lower commodity prices. Key Quotes: “Our central scenario now sees the first rate increase delayed until November 2019 from August 2019 with the cash rate peaking and stalled at 2.25% (previously 2.75%).” “Clearly the interest rate track is heavily data dependent and if inflationary pressures do come quicker and stronger than anticipated our original interest rate track will come back into focus. Alternatively, given the current stance of the RBNZ it is conceivable that interest rates remain unchanged for a very long time. We now think the risk of a flatline track is greater than the upside alternative.” “And lastly, if no inflation is generated during the current period and the NZ economy gets sideswiped by falling global activity there remains an outside chance that the next move in rates is down, albeit some distance into the future.” 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 Gold Technical Analysis: Line-in-the-sand at $1,230.00 for further advances FX Street 4 years The BNZ Research Team lowered the profile for the Reserve Bank of New Zealand interest rates. They think the RBNZ will defer due to: global growth outlook deterioration, a little less aggressive Federal Reserve, soft NZ Q3 retail sales, and lower commodity prices. Key Quotes: "Our central scenario now sees the first rate increase delayed until November 2019 from August 2019 with the cash rate peaking and stalled at 2.25% (previously 2.75%)." "Clearly the interest rate track is heavily data dependent and if inflationary pressures do come quicker and stronger than anticipated our original interest rate track will… 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.
