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10 Sep 2015
Further easing by RBNZ not ruled out – BBH
FXStreet (Edinburgh) - Analysts at BBH see the Antipodean central bank lowering further its benchmark rates by end of 2015.
Key Quotes
“RBNZ cut rates 25 bp to 2.75%. It was already discounted, but what punished the kiwi was the intimation by Wheeler of the scope for additional rate cuts”.
“Another cut looks likely by the end of the year. The New Zealand dollar is off by nearly 2%, fully retracing the past two days of gains”.
“Stops are thought to lie below $0.6240. There is a large option struck at $0.6300 reportedly expires tomorrow”.
Key Quotes
“RBNZ cut rates 25 bp to 2.75%. It was already discounted, but what punished the kiwi was the intimation by Wheeler of the scope for additional rate cuts”.
“Another cut looks likely by the end of the year. The New Zealand dollar is off by nearly 2%, fully retracing the past two days of gains”.
“Stops are thought to lie below $0.6240. There is a large option struck at $0.6300 reportedly expires tomorrow”.