RBNZ will led the depreciation of the NZD



December 10 (Thursday) Reserve Bank of New Zealand will take a decision on the Official Cash Rate (OCR). In this regard, during the week there will be sudden movements of the NZD, preceded by growth short-terms within the last week, after the appreciation of standardized dairy products. About 40% of the weight of the analysis providing an OCR change downwards. Trend analysis shows a certain underestimation of the position of the RBNZ.1day-perform-07dec

The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year.

The opinion of 11th Reserve Bank Governor, Graeme Wheeler is that global economic growth has softened over the past six months, and uncertainty over the path of economic and financial adjustment in China has helped to depress commodity prices and added to financial market uncertainty. Interest rates at historic lows are encouraging higher leverage, leading to a build-up in risk in international asset markets. This environment creates risks for the New Zealand banking system, which remains reliant on the global markets for funding.

The logic of the monetary policy pursued by the bank and set intermediate targets for smooth trend suggests declines in interest rates in the medium term. In this sense, it is very likely on Thursday to see the fourth decline this year, probably with more -25 bp to 2.50%.

RBNZ  Date: RBNZ  Change in OCR RBNZ  OCR rate
10 December 2015 ? ?
29 October 2015 No change 2.75
10 September 2015 -0.25 2.75
23 July 2015 -0.25 3.00
11 June 2015 -0.25 3.25
30 April 2015 No change 3.50
12 March 2015 No change 3.50
29 January 2015 No change 3.50

 Varchev Traders
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy