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RBNZ to cut rates by 25 bp next week – TDS

FXStreet (Edinburgh) - In the view of strategists at TD Securities, the RBNZ could lower its benchmark rate by 25 bp at its meeting next week.

Key Quotes

“We expect the RBNZ to front-run the U.S. FOMC and cut the cash rate by 25bp to 2.50% and signal more is possible for 2016”.

“If the RBNZ is serious about inflation targeting via a lower TWI it needs the cut and to lower its bank bill profile for 2016”.

“Inflation is lower for longer as it is. While there has been a run of solid activity data, that has been about volumes, not prices, and we’ve yet to see it develop into sustained inflationary pressure”.

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