Originally posted by fxghost
Originally posted by Cooder
Talk was for a possible small cut yesterday or in the next couple of quarters.
The spike was not because there was no cut, but what was said.
“Today’s official policy statement states that the RBNZ expects to keep rates
on hold through 2019 and 2020 and did nothing to endorse recent speculation
that the central bank could be minded to ease policy.”
Minus that comment, Specs. trade would have been a pretty good trade.
Best to not trade NZD pairs near News events.
But there were no talks about cutting rates in the release yesterday and there was no evidence to suggest a rate cut would be necessary. The NZ economy is stable (for now). Their plan was to keep rates unchanged but yesterday they changed their stance for future rates - causing the volatility.
Just confused as to why you thought they would cut rates in the release yesterday.. the next one maybe..
From last week:
"there will be no movement on the OCR, but expect RBNZ to outline a heightened sense of downside risk."
If this issue with China doesn't get resolved I think NZ will be in a bit of trouble, but right now everything is ticking along smoothly. They even don't expect construction to slow until next year.
Mate isn't that what my post said. I know all the talk was prior to and up
What are we back in the classroom here, where everything has to be explained.
