Due at 0200GMT with the press conference from Governor Orr following at 0300GMT
Previews:
- ANZ says the NZD is vulnerable to very dovish RBNZ today
- RBNZ monetary policy decision due today (Wednesday 12 August 2020) - preview
- RBNZ policy meeting this week - preview (and where to for the NZD)
- RBNZ monetary policy meeting this week - fewer 'shadow board' members consider further stimulus appropriate
- RBNZ monetary policy decision due this week - preview
The rapid move onto a fresh lockdown for NZ has complicated matters for the RBNZ today. I suspect the Bank will take a chill pill and react strongly immediately. Having said this the RBNZ have proven time and again to a Bank of action so they may, at the least, express a more cautious note (dovish) that they otherwise would have.
More on the NZ lockdown:
- NZ PM Ardern says there is flexibility to move election date - not needed yet
- NZ PM Ardern says will defer the dissolution of parliament for a few days, no election delay decided as yet
- With a new COVID-19 lock down in NZ the RBNZ confirm their statement will be released as normal today
- Coronavirus - NZ fin min says govt mulling extending wage subsidy measures
- Coronavirus ICYMI - Auckland (New Zealand) is going back into lock down today
- RBNZ monetary policy decision due today (Wednesday 12 August 2020) - preview