Expecting a shock -25bps for the RBNZ this week - TDS

FXStreet (Bali) - The FX Research Team at TD Securities is expecting a shock -25bps for the RBNZ this week.

Key Quotes

"We are well out of consensus in expecting a shock -25bps for the RBNZ this week. The January communiqué was neutral, claiming that the next move “could be up or down.”

"We vote for down, given that outright deflation looms for Q1 CPI, and Governor Wheeler is a strong advocate for 2% mid-target CPI ."

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