The Reserve Bank of New Zealand (RBNZ) could "pull a Fed" in more ways than one on Wednesday when it releases its OCR decision, as well as MPS with a new set of forecasts.
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The New Zealand Dollar will likely brush off a sizeable 50 basis point interest rate cut from the RBNZ says an analyst we follow.
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BNZ predicts that the Reserve Bank of New Zealand (RBNZ) will cut the Official Cash Rate (OCR) by 50 basis points at its next meeting.
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A new survey shows that although New Zealand business sentiment is improving a window has opened to allow the Reserve Bank of New Zealand (RBNZ) to cut interest rates by 50 basis points next week.
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Of all the GBP exchange rates we monitor in our Week Ahead Forecast coverage, GBP/NZD is looking the most bearish.
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The New Zealand dollar could come under pressure in the near term, but it is tipped to outperform in the long term.
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The Pound and New Zealand Dollar have a lot of fundamental similarities, which have conspired to suppress volatility in GBP/NZD.
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