Australia and New Zealand Bank’s analysts suggest that next Wednesday, they are expecting the RBNZ to cut the OCR 25bps to 1.25% and leave the door open to more. Key Quotes “The RBNZ said in June that a lower OCR “was likely to be necessary” and that risks were “tilted to the downside”. Data since then has confirmed this.” “We are forecasting a further OCR cut in November, with the risks rapidly tilting towards another next year should the economy fail to recover its mojo.” 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 GBP/JPY technical analysis: Bearish continuation pattern spotted on short-term charts FX Street 4 years Australia and New Zealand Bank's analysts suggest that next Wednesday, they are expecting the RBNZ to cut the OCR 25bps to 1.25% and leave the door open to more. Key Quotes "The RBNZ said in June that a lower OCR "was likely to be necessary" and that risks were "tilted to the downside". Data since then has confirmed this." "We are forecasting a further OCR cut in November, with the risks rapidly tilting towards another next year should the economy fail to recover its mojo." 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.
