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22 Apr 2014
RBNZ; Tune in, just in case - BNZ
FXStreet (Guatemala) - Stephen Toplis, Head of Research at BNZ explained that the RBNZ Governor, Graeme Wheeler, will not want to over-think or over-talk Thursday’s OCR Review.
Key Quotes:
“Least of all because he’ll be delivering it into something of a vacuum, with a lot of the populace probably taking the three days off between yesterday’s Easter Monday and this Friday’s ANZAC Day holiday”.
“Still, this week’s policy meeting should not be considered a perfunctory one”.
“There is material news since the 13 March Monetary Policy Statement (MPS) that Wheeler could reasonably mention, even highlight”.
“To be sure, it remains almost certain the Reserve Bank will hike another 25 basis points, to 3.00% this Thursday. This is not just our view, but that of all polled analysts as well as being virtually fully priced by the money markets”.
“Tune in, just in case”.
Key Quotes:
“Least of all because he’ll be delivering it into something of a vacuum, with a lot of the populace probably taking the three days off between yesterday’s Easter Monday and this Friday’s ANZAC Day holiday”.
“Still, this week’s policy meeting should not be considered a perfunctory one”.
“There is material news since the 13 March Monetary Policy Statement (MPS) that Wheeler could reasonably mention, even highlight”.
“To be sure, it remains almost certain the Reserve Bank will hike another 25 basis points, to 3.00% this Thursday. This is not just our view, but that of all polled analysts as well as being virtually fully priced by the money markets”.
“Tune in, just in case”.