Analysts at ANZ expect the RBNZ to leave the OCR unchanged at 1.75% at its Monetary Policy Statement next Thursday at 9am. Key Quotes “The RBNZ will reaffirm that the next move in the OCR could be up or down.” “Since the August Monetary Policy Statement, Q2 GDP and Q3 CPI both surprised on the upside. This certainly gives the RBNZ a little more breathing room, but policy deliberations will remain focused on the balance of medium-term risks.” “The RBNZ is likely to still conclude that a marked acceleration in GDP growth is required from here to ensure medium-term inflation heads sustainably back to target.” “On balance, we therefore expect to see a flatter OCR track than in the August Statement, with eventual OCR increases pushed out a little further. It is also possible that the RBNZ simply go to a flat track, underscoring their rhetoric that the next OCR move could be up or down.” “A Statement in line with our expectations could come as a surprise to markets.” “We currently see the OCR on hold for the foreseeable future. It will be difficult for the economy to accelerate and to sustain stronger inflation over the medium term.” “We see risks being tilted towards the next OCR move being a cut, but we are mindful of risks on both sides of the ledger.” 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: Q3 annualised growth estimated at -1.2% q-q – Nomura FX Street 4 years Analysts at ANZ expect the RBNZ to leave the OCR unchanged at 1.75% at its Monetary Policy Statement next Thursday at 9am. Key Quotes "The RBNZ will reaffirm that the next move in the OCR could be up or down." "Since the August Monetary Policy Statement, Q2 GDP and Q3 CPI both surprised on the upside. This certainly gives the RBNZ a little more breathing room, but policy deliberations will remain focused on the balance of medium-term risks." "The RBNZ is likely to still conclude that a marked acceleration in GDP growth is required from here to ensure medium-term inflation… 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.
