• NZD Higher As RBNZ Defies Market Expectations

    RBNZ Bucks The Trend At a time when global central banks are increasingly guiding markets and signalling forthcoming moves, the RBNZ is increasingly become a difficult bank to anticipate. In August, the RBNZ caught traders off-guard when, against expectations of a near-certain 25 basis point rate cut, they lowered rates by a huge 50 basis […]

  • Softer Outlook For NZD Economy

    The release of the NZIER’s Quarterly Survey of Business Opinion suggests an increased likelihood that we could see negative rates in New Zealand at some point in the future. Currently, the RBNZ projects that the level of rate cuts and fiscal easing in play will be enough to fuel a pickup in economic growth, taking […]