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RBNZ to leave the OCR at 1.75% - Westpac

Dominick Stephens, Chief Economist at Westpac, expects the RBNZ to leave the OCR at 1.75% and reiterate that monetary policy is on hold for the foreseeable future in its forthcoming meet.

Key Quotes

“The press release will probably emphasise the softer tone to recent data, and the RBNZ’s discomfort with the high exchange rate.”

“The RBNZ may expunge any hint of hikes from its OCR forecast, and issue slightly more dovish guidance in the press release.”

“An MPS along these lines would surprise financial markets, possibly causing swap rates and the exchange rate to fall on the day.”

Weaker pound the main reason for inflation rise - BOE's Broadbent

BOE Deputy Governor Broadbent, speaking to the BBC, notes that a weaker pound is the main reason behind the inflation rise. Headlines This is about
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BoE: No surprises offered - ANZ

The BoE left rates unchanged as expected and the committee voted 6-2 to keep rates on hold, with McCafferty and Saunders voting for hikes, notes the a
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