Analysts at ANZ are expecting the RBNZ will likely acknowledge the softening of the GDP at the OCR Review this week but maintain an overall similar tone to the February MPS, after last week’s GDP data showed growth continuing to moderate, slipping from 2.6% to 2.3% y/y. Key Quotes “Near-term GDP indicators point to ongoing softness and the RBNZ’s forecast for growth above 3% y/y this year is looking hard to achieve. That said, there is scope to wait and see how developments unfold.” “Moving forward, the RBNZ’s view on how potential output evolves – based on its assessment of capacity pressures – will be crucial for the inflation and policy outlook. Currently, the economy is coming up against constraints, but we expect that these will start to wane as headwinds build, making it difficult to sustain inflation at the 2% target over the medium term.” “Once that eventually becomes apparent, we expect the RBNZ will lower the OCR. We continue to pick November for the first move, though there are risks that could see this happen earlier or later than we expect.” 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 India: All eyes on forthcoming elections – Standard Chartered FX Street 4 years Analysts at ANZ are expecting the RBNZ will likely acknowledge the softening of the GDP at the OCR Review this week but maintain an overall similar tone to the February MPS, after last week's GDP data showed growth continuing to moderate, slipping from 2.6% to 2.3% y/y. Key Quotes "Near-term GDP indicators point to ongoing softness and the RBNZ's forecast for growth above 3% y/y this year is looking hard to achieve. That said, there is scope to wait and see how developments unfold." "Moving forward, the RBNZ's view on how potential output evolves - based on its assessment of… 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.
