Roger J Kerr says having been forced to do a u-turn last month with their monetary policy stance, the RBNZ will be very conscious to deliver to market expectations this week
Roger J Kerr says having been forced to do a u-turn last month with their monetary policy stance, the RBNZ will be very conscious to deliver to market expectations this week
Roger J Kerr says if upcoming dairy auctions and inflation data are stronger than expected the 'greater likelihood' is that the RBNZ will not cut interest rates next month
Roger J Kerr says if upcoming dairy auctions and inflation data are stronger than expected the 'greater likelihood' is that the RBNZ will not cut interest rates next month
Roger J Kerr says the balance of risks and importance between monetary policy and financial stability has been tilted in favour of the latter 'with the poor exporter paying the price'
Roger J Kerr says the balance of risks and importance between monetary policy and financial stability has been tilted in favour of the latter 'with the poor exporter paying the price'
Roger J Kerr says likely selling of the Australian currency in the next few days due to political uncertainty raises the question of whether our currency will also fall against the American dollar
Roger J Kerr says likely selling of the Australian currency in the next few days due to political uncertainty raises the question of whether our currency will also fall against the American dollar
Roger J Kerr says our central bank appears somewhat oblivious to the fact that its decisions have a direct impact on subsequent exchange rate movements
Roger J Kerr says our central bank appears somewhat oblivious to the fact that its decisions have a direct impact on subsequent exchange rate movements
Roger J Kerr expects the interest rate markets and the NZD/USD forex market will adjust their pricing to build-in a much higher probability of an OCR reduction to 2% this week
Roger J Kerr expects the interest rate markets and the NZD/USD forex market will adjust their pricing to build-in a much higher probability of an OCR reduction to 2% this week
Roger J Kerr says the 'shocker' US jobs figure and subsequent rise in value of the NZ currency should make it an 'easy decision' for the Reserve Bank to reduce the Official Cash Rate this week
Roger J Kerr says the 'shocker' US jobs figure and subsequent rise in value of the NZ currency should make it an 'easy decision' for the Reserve Bank to reduce the Official Cash Rate this week