Prashant Newnaha, Senior Asia-Pacific Rates Strategist at TD Securities (TDS) offers his take on the likely monetary policy decisions due to be announced by the Reserve Bank of Australia (RBA) and Reserve Bank of New Zealand (RBNZ) in the coming months. Key quotes: “We update our Aus and NZ bond forecasts in the wake of recent central bank developments. Our Aus and NZ forecasts assume further foreign central bank action is likely as the virus outbreak escalates. We expect the RBA to cut the cash rate to 0.25% next month (following the 25bps cut earlier this week). Our forecasts assume RBA QE from Q3. 10y ACGB yields should trough around 0.5% in Q3, risk is for lower ACGB yields. We anticipate a 50bps RBNZ cut at the Mar meeting with another 25bps at its May meeting. We don’t expect RBNZ QE, but markets will look to price in this potential. Our forecasts have 10yr NZGB yields hitting a low of 0.7%.” 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 AUD/USD Price Analysis: Positive above 0.6600 amid bullish MACD, break of yearly trendline FX Street 3 years Prashant Newnaha, Senior Asia-Pacific Rates Strategist at TD Securities (TDS) offers his take on the likely monetary policy decisions due to be announced by the Reserve Bank of Australia (RBA) and Reserve Bank of New Zealand (RBNZ) in the coming months. Key quotes: “We update our Aus and NZ bond forecasts in the wake of recent central bank developments. Our Aus and NZ forecasts assume further foreign central bank action is likely as the virus outbreak escalates. We expect the RBA to cut the cash rate to 0.25% next month (following the 25bps cut earlier this week). Our forecasts assume… 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.