The Reserve Bank of New Zealand is in the spotlight today.
Ahead of the RBNZ are wages data from Australia, quick preview here:
I'll have more to come on the RBNZ separately, but for now:
RBNZ to hike another 50bp with focus on MPS - Credit Agricole
- RBNZ RATE HIKE WATCH: NZDUSD corrects to the 200 hour MA. RBNZ rate decision tomorrow
- RBNZ rate hike coming on Wednesday - NZD impact & preview
- RBNZ shadow Board recommends a 50bp cash rate hike this week
- RBNZ meet next week - preview - "should be NZD-supportive"
- Analysts are unanimous that the RBNZ will hike cash rate by 50bp
Huh, looking at that lot perhaps I won't be back with more. TL;DR version is the RBNZ will hike by 50bps. Markets are watching for a dialling back of Bank hawkishness given the slowing economy.
This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where is a number, is the consensus median expected.
