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.

NZIER: RBNZ should keep rates on hold this week

2019-06-24 11:25

At the Reserve Bank of New Zealand (RBNZ) cash rate meeting this week, the New Zealand Institute of Economic Research (NZIER) 'Shadow Board' recommends that the central bank should leave the OCR on hold following a rate cut in the previous meeting.



Key Points:




Participants show where they think interest rates should be, not what they believe will happen.



Some data has suggested economic activity slowed over the first half of 2019.



there are mixed views on the efficacy of any further easing in monetary policy.




The Kiwi remains well bid around the 0.69 handle amid US-Sino trade optimism and higher commodities’ prices, as markets ignore below forecasts NZ credit card spending data for the month of May.


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.

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