• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

ANZ forecast an RBNZ interest rate cut in November (previously forecasting February 2025)

Started by forex4you, Jul 17, 2024, 09:13 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

ANZ forecast an RBNZ interest rate cut in November (previously forecasting February 2025)

ANZ are forecasting a 25bp rate cut from the Reserve Bank of New Zealand in November 2024:

  • Overall, today's CPI data adds to the growing body of evidence that the
    RBNZ has done enough. There are now clear signs that weak demand and
    increasing spare capacity across the economy are flowing through to lower
    domestic inflation outcomes. In the context of the recent deterioration in
    domestic activity and labour market indicators, today's CPI starting point
    points to downside risk to our medium-term inflation outlook.
  • We have brought forward our forecast timing of the first 25bp cut in the
    Official Cash Rate (OCR) to November, rather than in February. We
    see the balance of risks around that as tilted towards earlier (October)
    rather than later. Beyond that, we are forecasting a steady run of 25bp
    cuts at each meeting to a terminal rate of 3.5% as before.

Earlier:



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: ANZ forecast an RBNZ interest rate cut in November (previously forecasting February 2025)

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com