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December 2015

All eyes on the RBNZ

Published: Wednesday 09 December 2015

All eyes on the Reserve Bank of NZ this evening, the market seems split on whether there will be a cut or not with economists predicting a cut to 2.5% and traders seemingly betting on rates remaining unchanged at 2.75%.
Personally, I think the RBNZ will hold off from cutting rates due to the buoyant property market in Auckland and look for further information prior to making their move.
The only thing that can be certain is that when there is uncertainty there is volatility and the press conference will be closely monitored.