Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting tooMarket pricing is for a 29bp cut at the next RBNZ meeting, on October 9
- and 67bp of cuts by November (meeting is Nov. 6)
That is, a 25 bp rate cut is priced for the each of the next two meetings.
NZD/USD update:
Earlier:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting too (https://www.forexlive.com/centralbank/market-pricing-is-for-an-reserve-bank-of-new-zealand-rate-cut-at-its-next-meeting-too-20240814/)
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