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17 Apr 2014
RBNZ to raise rates by 0.25bp again next week - Westpac
FXStreet (Bali) - According to Imre Speizer, FX Strategist at Westpac, the RBNZ is highly likely to raise rates by another 25bp to 3.00% next Thursday.
Key Quotes
"However, we expect the one page statement will strike a more cautious tone than previously, mainly due to the high exchange rate and soft inflation data."
"OIS pricing currently implies an OCR of 2.99% for next week, 3.20% for the june meeting, and 3.33% for the July meeting. By year end, 113bp is priced in."
Key Quotes
"However, we expect the one page statement will strike a more cautious tone than previously, mainly due to the high exchange rate and soft inflation data."
"OIS pricing currently implies an OCR of 2.99% for next week, 3.20% for the june meeting, and 3.33% for the July meeting. By year end, 113bp is priced in."