The RBNZ has been preparing the ground for more easing for a while now, so the cut shouldn't come as a surprise to anyone. This means all the attention will fall on the forward guidance and what the bank has to say about rates going forward.
However, their annual CPI projections are in focus for today's meeting. In May, they saw annual CPI dropping to 2.4% by year-end, and moving to 1.9% early 2026.
With markets currently pricing in close to 40 basis points of easing by year-end, the simplest trigger for volatility at today's meeting would be if the bank cuts rates, but lifts its OCR projections to show no more cuts.
Personally, my trigger for a possible opportunity would be a cut and a clear message that they are done cutting. The way I'll look to express that would most likely be the AUDNZD pair.
This is of course just my opinion and how I'm looking at the event, so never take this as advice and always make up your own mind and trade your own view.
This article was written by Arno V Venter at investinglive.com.Hence then, the article about preview for the rbnz policy decision was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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