fxstreet.com 23 Feb, 2021 15:45 am

Hints towards a rate hike to knock-off the kiwi

Hints towards a rate hike to knock-off the kiwi
New Zealand’s relative success in combating the coronavirus pandemic has propelled a swift economic recovery. Thus, the Reserve Bank of New Zealand (R

New Zealand’s relative success in combating the coronavirus pandemic has propelled a swift economic recovery.Thus, the Reserve Bank of New Zealand (RBNZ) is expected to keep steady at 0.See – Reserve Bank of New Zealand Preview: Forecast from eight major banks “The RBNZ is seen maintaining the Official Cash Rate (OCR) at a record low of 0.The kiwi central bank could play down tightening expectations for this year, although could turn out to be less-than-expected amid improving economic outlook, as reflected by the improvement in key macro indicators.

” “The Kiwi central bank could revise up its growth, employment and inflation forecast to paint an upbeat economic outlook, although closed borders overseas continue to threaten its tourism industry.” “Optimism on the economic outlook could prompt the RBNZ to stand pat on the interest rates but any signals towards a potential rate hike next year could be seen as a move towards a less dovish/ hawkish stance.

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