FXStreet (Edinburgh) – The research team at BBH sees the RBNZ cutting its benchmark rate by 25 bp to 3.0% at its meeting on Wednesday.
Key Quotes
“The Reserve Bank of New Zealand is expected to cut the official cash rate 25 bp to 3.0%”.
“It is expected to signal scope for additional rate cuts”.
“After talking the Kiwi lower, recent comments have noted the speed of its decline”.
“That, and the suggestion that milk prices will rebound, have helped spur a bounce in the currency”.
“It is nearly 2% off the lows seen yesterday to trade near $0.6620. We suspect that as it nears $0.6700, sellers will re-emerge”.
(Market News Provided by FXstreet)