The Reserve Bank of New Zealand will announce its latest monetary policy decision at 2pm New Zealand time on February 29.
- Which is 0100 GMT and 2000 US Eastern time (on the 27th for the US)
Earlier previews:
- New Zealand’s Reserve Bank set to raise interest rates, TD and ANZ forecasts align
- ANZ says the RBNZ has no tolerance for delays in the return of inflation to target
- ASB says RBNZ interest rate hike next week is a real possibility – sees a November cut
- RBNZ meet next week, their bark is likely to be worse than their bite – no hike expected
Analysts at BNZ say the RBNZ To Aggressively Maintain Tight Conditions
- No rate increases needed
- Monetary conditions are tight and doing the work
- RBNZ to strongly signal no relaxation anytime soon
- Last week’s data confirms demand under duress
This article was written by Eamonn Sheridan at www.forexlive.com.