Could RBNZ surprise the markets?
Despite a number of financial releases due out this week being quite interesting, on a monetary level, RBNZ’s interest rate decision caught our attention.
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Despite a number of financial releases due out this week being quite interesting, on a monetary level, RBNZ’s interest rate decision caught our attention.
According to Federal Reserve (Fed) Board of Governors member Michelle Bowman, slower-than-expected progress on inflation has left the Fed policymaker cautious about monetary policy stance.
In the past, the Federal Reserve has often cut interest rates faster and more sharply.
Economists at TD Securities revise its RBA and RBNZ cash rate calls.
Thursday saw the biggest trading range in EUR/USD since the US CPI data on 13th February.