With RBNZ likely to cut rates tomorrow to 0.75% alongside RBZ’s current interest rates, NZD could remain dovish.
RBNZ is widely expected to cut rates by 25 basis points to 0.75%, on par with Australia’s historical low interest at 0.75%. According to Reuters, 80% of economists polled expect RBNZ to cut rates by 25 basis points tomorrow. On the other hand, the implied probability for a cut is now 65%, rising from roughly 50% a few days ago.
Fullerton Markets Research Team
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