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26 Jan 2015
RBNZ might stay neutral – TDS
FXStreet (Barcelona) - Analysts at TD Securities anticipate the RBNZ to drop the tightening bias but maintain a neutral stance on its monetary policy release this week.
Key Quotes
“Markets will be watching the Antipodeans especially closely after the Bank of Canada rate cut has everyone wondering who might be next. We look for the RBNZ to drop the tightening bias and retreat to neutral, but no signs of any easing.”
“Aussie CPI on Wed will also be watched closely, where a low print will accelerate calls for a Feb RBA cut, and although we pushed out our first RBA hike to Q3 2016, we do not look for further easing from the RBA either.”
Key Quotes
“Markets will be watching the Antipodeans especially closely after the Bank of Canada rate cut has everyone wondering who might be next. We look for the RBNZ to drop the tightening bias and retreat to neutral, but no signs of any easing.”
“Aussie CPI on Wed will also be watched closely, where a low print will accelerate calls for a Feb RBA cut, and although we pushed out our first RBA hike to Q3 2016, we do not look for further easing from the RBA either.”