CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

RBNZ to leave the OCR on hold - Westpac

2019-06-21 12:45

Dominick Stephens, chief economist at Westpac, expects the RBNZ to leave the OCR on hold next week and suggests that it will probably reiterate that it has an easing bias.



Key Quotes



“The RBNZ will express concern about deepening risks to the global economy.”



“The increasing likelihood that other central banks will reduce interest rates will also be mentioned.”



“The domestic outlook has not changed much, but these global risks increase the likelihood that the RBNZ will cut again.”



“We are now forecasting an August OCR cut.”



“The consequent drop in mortgage rates gives us even more reason to expect an upturn in the housing market and the New Zealand economy over the year ahead.”


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD +0.06% 1.30217
    EURUSD +0.01% 1.18118
    XAUUSD +0.08% 1903.54
    XTIUSD +0.11% 38.749
    NAS100 -0.02% 11516.7
    US30 -0.01% 27703.8