5 Dec 2014
Key RBNZ rate decision - TDS
FXStreet (Guatemala) - Analysts at TD securities noted the forthcoming RBNZ decision next week.
Key Quotes:
“We look for the MPS to discuss that tighter monetary policy has been more effective than anticipated in cooling activity, that falling terms of trade means the NZD remains “unsustainable and unjustified,” and that record migration puts more upward pressure on domestic demand. We look for a 25bps downgrade to the bank bill profile, implying stability for OCR, not cut”.
Key Quotes:
“We look for the MPS to discuss that tighter monetary policy has been more effective than anticipated in cooling activity, that falling terms of trade means the NZD remains “unsustainable and unjustified,” and that record migration puts more upward pressure on domestic demand. We look for a 25bps downgrade to the bank bill profile, implying stability for OCR, not cut”.