RBNZ Interest Rates decision today is expected remain at the current level of 1.75% as there are practically no forecasts of a change. As a matter of fact, judging from the May Official Cash Rate Statement from RBNZ, there is very little to be optimistic over, with core inflation remaining subdued, housing inflation growth stagnant, and exchange rate drop of 5% since February, all pointing to a weaker than expected outlook, thus the next likely move could be another rate cut; however, with the surprise rise in demand for commodities from New Zealand, RBNZ may very well wait a bit longer before pulling the trigger… As a matter of fact, they will probably remain in this wait-and-see state for a while unless significant improvement or deterioration were to take place with its economy…
5:00pm (NY Time) RBNZ Interest Rates Decision Forecast 1.75% Previous 1.75%
The Trade Plan
For more information on my trading methods, please read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: NZDUSD.
NZ RBNZ Interest Rates | June 21, 2017 | Currency Trading
June 18, 2017 by Leave a Comment