Nzd Review

Nzd Review


Quotes from RBC Capital Markets:
-NZD: The OCR which came at the NY close, was left at 2.50%, growth and inflation forecasts were tinkered with around the edges, but the 90-day bank bill projection suggests that the RBNZ expects the current pause to extend until December 2013-six months later than projected in the June MPS.
-We have for some time expected rates to remain on hold until 2014 and we see no reason to change this view. With this outlook we doubt the NZ front end will see any reason to remove the small amount of easing priced into the curve.