RBNZ to Follow in RBA and BoE’s Footsteps
Posted: Tue Aug 09, 2016 1:52 pm
This guest article was written by Ashwin Peswani who is the Regional Director of MTrading.
Reserve Bank of New Zealand
The ongoing global monetary policy accommodation may widen on Thursday when the Reserve Bank of New Zealand (RBNZ) is almost certain to follow its Australian and UK counterparts, the RBA and BoE respectively.
The New-Zealand central bank is expected to decide for a 25 bps cut to its official cash rate, dragging it to the record low of 2.00%. However, the kiwi, as the New Zealand dollar (NZD) is nicknamed, seems have already priced in the rate cut as the ... (read more)