SMH at central banks last week, wall-to-wall PhDs at them and not an ounce of comment sense. Two examples:
RBA leaves its cash rate unchanged at 4.10%, as expectedPowell: Will wait for clarityThese guys are supposed to get themselves ahead of the curve at times of financial market stress, not 'wait for clarity'.
Anyways ... The Reserve Bank of New Zealand meet this week. If there is one DM central bank that doesn't stuff around (too much) it's the RBNZ. A rate cut was pretty much always in the cards from this meeting coming up, the Shadow Board tip it too
The NZIER Monetary Policy Shadow Board recommends the Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 25 basis points to 3.50 percent in the upcoming April Monetary Policy Review.Link for more hereI tip a 50!
2pm NZ time is
0200 GMT2200 US Eastern time This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about rbnz shadow board recommends a rate cut this week 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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