According to Goldman Sachs’ chief New Zealand economist Andrew Boak, the Reserve Bank of New Zealand is set to increase the Overnight Cash Rate (OCR) at 2% beginning in February of 2019. Key quotes “We view the rise in New Zealand inflation as consistent with New Zealand’s late-cycle growth story – featuring a positive output gap, full employment, rising wages, and the weaker NZ dollar. there is little case for a near-term rate hike, we believe the market is underestimating the probability of a rate hike in [the first half of 2019.]” 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’s Pompeo: North Korea nuclear deal “may take some time” – Reuters FX Street 5 years According to Goldman Sachs' chief New Zealand economist Andrew Boak, the Reserve Bank of New Zealand is set to increase the Overnight Cash Rate (OCR) at 2% beginning in February of 2019. Key quotes "We view the rise in New Zealand inflation as consistent with New Zealand's late-cycle growth story - featuring a positive output gap, full employment, rising wages, and the weaker NZ dollar. there is little case for a near-term rate hike, we believe the market is underestimating the probability of a rate hike in [the first half of 2019.]" 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.
