Gold 10 data 2 October, Australia and New Zealand Banking Group said that the probability of the Reserve Bank of New Zealand cutting interest rates by 25 basis points and 50 basis points next week is similar, but overall, the most likely scenario is that the Reserve Bank of New Zealand will cut interest rates by 50 basis points to 4.75%. The second quarter GDP was not as weak as expected by the Reserve Bank of New Zealand, and the monthly economic activity indicators rebounded generally. At the same time, the data confirmed that there was spare capacity in the labor market, and the resistance to inflation was on track and would continue. This may mean that the Reserve Bank of New Zealand believes that it has gained enough confidence in what it has done. The bank has clearly shifted its focus to monitoring the economic downside risks, and the Reserve Bank of New Zealand may consider rapidly approaching neutrality as a low-risk strategy. Logically, the default expectation for November is another 50 basis point rate cut, so we have also included it in our forecast. However, the Reserve Bank of New Zealand is expected to reiterate that decisions will be made based on data.
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ANZ Bank: Yeni Zelanda Merkez Bankası'nın gelecek hafta faizleri 50 baz puan düşürme olasılığı daha yüksek
Gold 10 data 2 October, Australia and New Zealand Banking Group said that the probability of the Reserve Bank of New Zealand cutting interest rates by 25 basis points and 50 basis points next week is similar, but overall, the most likely scenario is that the Reserve Bank of New Zealand will cut interest rates by 50 basis points to 4.75%. The second quarter GDP was not as weak as expected by the Reserve Bank of New Zealand, and the monthly economic activity indicators rebounded generally. At the same time, the data confirmed that there was spare capacity in the labor market, and the resistance to inflation was on track and would continue. This may mean that the Reserve Bank of New Zealand believes that it has gained enough confidence in what it has done. The bank has clearly shifted its focus to monitoring the economic downside risks, and the Reserve Bank of New Zealand may consider rapidly approaching neutrality as a low-risk strategy. Logically, the default expectation for November is another 50 basis point rate cut, so we have also included it in our forecast. However, the Reserve Bank of New Zealand is expected to reiterate that decisions will be made based on data.