ANZ analysts note that the RBNZ’s OCR has already been cut 75bp this year to 1.00% and they expect a further cut to 0.75% in November, with the risks being skewed towards sooner and/or more. Key Quotes “There are signs that the OCR is already losing a degree of traction on bank lending and deposit rates – one of the key channels through which monetary policy affects the economy.” “Diminishing pass-through to bank funding costs/deposit rates (and hence lending rates) adds to the risk that interest rates in New Zealand may already be approaching the effective lower bound in terms of their impact on mortgage and other borrowing interest rates, though not via other important channels such as the exchange rate.” 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 Fed’s Powell: No pre-commitment to more easing – Danske Bank FX Street 4 years ANZ analysts note that the RBNZ's OCR has already been cut 75bp this year to 1.00% and they expect a further cut to 0.75% in November, with the risks being skewed towards sooner and/or more. Key Quotes "There are signs that the OCR is already losing a degree of traction on bank lending and deposit rates - one of the key channels through which monetary policy affects the economy." "Diminishing pass-through to bank funding costs/deposit rates (and hence lending rates) adds to the risk that interest rates in New Zealand may already be approaching the effective lower bound in terms… 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.
