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. Read More Details
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