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Reserve Bank of New Zealand Preview: Forecasts from seven major banks

5/25/2021 2:26:09 PM GMT | By FXStreet Insights Team The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, May 26, at 02:00 GMT. Governor Adrian Orr’s Orr will hold a press conference at 03:00 GMT. The RBNZ is likely to maintain its monetary policy settings and as we get closer to the release time, here are the forecasts by the economists and researchers of seven major banks regarding the upcoming central bank s meeting.  Westpac “We expect the RBNZ will leave its monetary policy settings unchanged. The economic outlook has improved on balance, despite a soft patch in growth over the summer period. Inflation is expected to rise well above 2% this year, but the RBNZ has already foreseen this and will regard it as temporary. The RBNZ’s forward guidance will again emphasise the need for a sustained return to the inflation target, and employment at or above maximum sustainable levels. We expec

Reserve Bank of New Zealand Preview: Forecasts from seven major banks

Reserve Bank of New Zealand Preview: Forecasts from seven major banks
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