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12 Mar 2014
Flash: RBNZ priced in – RBS
FXStreet (Guatemala) - Strategists at RBS noted that the RBNZ decision is due and the market is well priced for a 25bp hike in the OCR at the March meeting.
Key Quotes:
“The latest housing markets indicators have shown a bit of weakness, but more broadly economic indicators have remained robust”.
“Because the market is largely priced for a hawkish statement from the RBNZ, it may be difficult for the RBNZ decision to come off as particularly more hawkish.”
Key Quotes:
“The latest housing markets indicators have shown a bit of weakness, but more broadly economic indicators have remained robust”.
“Because the market is largely priced for a hawkish statement from the RBNZ, it may be difficult for the RBNZ decision to come off as particularly more hawkish.”