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Trading news
4 Nov 2016
Reuters poll: A majority of economists expect RBNZ to cut rates next week
According to the latest Reuters poll, a majority of the economists surveyed, expect the Reserve Bank of New Zealand (RBNZ) to cut rates by 25bps to 1.75% at its cash rate announcement next week on Nov 10.
Key Details:
30 of 33 economists see the bank cutting the cash rate by 25 bps on November 10
Majority expect no more cuts, 8 out of 29 see rates bottoming at 1.50% next year