The Reserve Bank of New Zealand (RBNZ) could "pull a Fed" in more ways than one on Wednesday when it releases its OCR decision, as well as MPS with a new set of forecasts.
The New Zealand Dollar will likely brush off a sizeable 50 basis point interest rate cut from the RBNZ says an analyst we follow.
BNZ predicts that the Reserve Bank of New Zealand (RBNZ) will cut the Official Cash Rate (OCR) by 50 basis points at its next meeting.
A new survey shows that although New Zealand business sentiment is improving a window has opened to allow the Reserve Bank of New Zealand (RBNZ) to cut interest rates by 50 basis points next week.