NZD/USD: a rate cut is expected – UOB
FXStreet (Guatemala) – Analysts at UOB Group noted the RBNZ rate decision later today.
“We expect RBNZ to ease monetary policy further via another 25bps cut to its Official Cash Rate to 2.5%.”
“Even if RBNZ chooses to stay pat, the accompanying statement is likely to stay dovish if not more dovish, especially now that the NZD exchange rate has steadied above 0.6600, the level which RBNZ dropped reference to an “unjustified and unsustainable NZD” in the July MPC meeting.”
Analysts at UOB Group noted the RBNZ rate decision later today.