Back
8 Sep 2014
RBNZ will temper its OCR outlook at September meeting - BNZ
FXStreet (Łódź) - Craig Ebert from BNZ expects the Reserve Bank of New Zealand to moderate its official cash rate outlook at the monetary policy meeting on Thursday.
Key quotes
"But deliver a statement that is too dovish and the Bank risks losing the initiative that it had only just begun to get on term/retail interest rates."
"Come across too hawkish, however, and it risks a credibility issue – given the less-exuberant growth indicators, and less-threatening inflation gauges, of late."
"A firm-minded RBNZ (a la its June MPS) could also support the currency unduly."
Key quotes
"But deliver a statement that is too dovish and the Bank risks losing the initiative that it had only just begun to get on term/retail interest rates."
"Come across too hawkish, however, and it risks a credibility issue – given the less-exuberant growth indicators, and less-threatening inflation gauges, of late."
"A firm-minded RBNZ (a la its June MPS) could also support the currency unduly."