Dominick Stephens, Chief Economist at Westpac, suggests that the RBNZ’s November MPS is likely to be at least a little more hawkish than the August missive as the recent data on the New Zealand economy and inflation has been clearly stronger than the RBNZ expected. Key Quotes “But any change will be minor and confined to the details. We expect the RBNZ to stick to the same broad outlook for monetary policy.” “The RBNZ’s OCR forecast may be slightly higher than the August forecast.” “But the all-important comment that the next move in the OCR could be “up or down” will probably be retained.” “For markets, the balance of risks is skewed towards swap rates and the NZD rising a little.” 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 Gold: Indian festive buying seen subdued amid higher prices – WGC FX Street 4 years Dominick Stephens, Chief Economist at Westpac, suggests that the RBNZ's November MPS is likely to be at least a little more hawkish than the August missive as the recent data on the New Zealand economy and inflation has been clearly stronger than the RBNZ expected. Key Quotes "But any change will be minor and confined to the details. We expect the RBNZ to stick to the same broad outlook for monetary policy." "The RBNZ's OCR forecast may be slightly higher than the August forecast." "But the all-important comment that the next move in the OCR could be "up or down"… 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.
