RBNZ to fully reverse 100 bps of hikes in 2014 with cuts - ANZ

FXStreet (Bali) - Cameron Bagrie, Chief Economist, ANZ, expects the Reserve Bank of New Zealand to fully reverse the 100 bps of hikes in 2014 with cuts.

Key Quotes

"We now calling 2015/16 dairy payout to $4.50. Major economic headwind. RBNZ to fully reverse the 100 bps of hikes in 2014 with cuts."

Jul 2, 2015

NZ GDT slump: Risk of more RBNZ cuts - ANZ

Dairy prices slid further overnight, with the GDT-TWI down another 5.9% to US$2,276/t, notes the Research Team at ANZ.

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Jul 2, 2015

AUD/NZD: Techs, funda align for a test of 1.1575/1600

Volatility in the Kiwi market continues at healthy levels, with moves still being a one-way street against the New Zealand's currency, further punished by the latest NZ GDT Fonterra auction and ANZ calls for further RBNZ rate cuts.

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