Cut 25bp, OCR track 10–15bp lower (60% probability).
The bank's base case as they expect the RBNZ to reflect a lower OCR track. The Performance Services Index released this week shows this is still in contractionary territory but adds to the slight improvement of the high frequency activity data seen in addition to PMIs. In this scenario, the bank expects some positive impulse for the NZD, though that will likely be marginal given that the difference between the adjusted OCR track and market pricing will be minimal.Cut 25bp, OCR track more than 20bp lower (25% probability).
Cut 25bp, OCR track unchanged (15% probability).
This is, in the bank's view, the least likely outcome, but the NZDUSD could rise by up to 1% on a relatively more hawkish outcome, according to the bank. However, the sustainability of any gains in the NZDUSD would depend on favourable risk sentiment in subsequent trading sessions. This article was written by Arno V Venter at investinglive.com.Hence then, the article about anz scenario planning for today s rbnz 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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