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Somos más que un simple corredor. Somos un ecosistema de trading todo en uno: todo lo que necesitas para analizar, operar y crecer está en un solo lugar. ¿Listo para elevar tu trading?
Analysts at TD Securities (TDS) offer their afterthoughts on Wednesday’s Reserve Bank of New Zealand’s (RBNZ) hawkish monetary policy decision.
“The RBNZ kept the cash rate on hold at 1% as expected, but the limited impact from the coronavirus and its upbeat economic outlook meant the MPS took on a hawkish tone.
The OCR profile was lifted from 0.9% to 1% in 2020, meaning the Bank does not expect to cut the cash rate this year. The cash rate profile was raised by ~15bps over 21/22 with the Bank's projections now placing a full 25bps rate hike by Q4'21.
The Bank did cut Q4'19 GDP by 0.4% pts on slower business investment into year end 2019 and by 0.6%pts in Q1'20 on the coronavirus. Q2/Q3 2020 GDP forecasts are little changed from Nov'19 MPS levels, but growth is then expected to accelerate to a 3.4%/yr peak in Mar'21.“