28 Apr 2016
Why NZD spiked post RBNZ’s OCR Review - Westpac
Imre Speizer, analyst at Westpac explained that at this morning announced the OCR would remain at 2.25% but also that further easing was expected.
Key Quotes:
"However, the guidance did not clearly signal the next cut would be in June. Markets had upgraded the chances of a cut from 30% to 46% during the previous two days and were clearly disappointed, the NZD and swap rate rising in response."
Key Quotes:
"However, the guidance did not clearly signal the next cut would be in June. Markets had upgraded the chances of a cut from 30% to 46% during the previous two days and were clearly disappointed, the NZD and swap rate rising in response."