ANZ said that we expect the Reserve Bank of New Zealand to cut interest rates by 50 basis points to 4.25% next week. This would be in line with the Reserve Bank of New Zealand's October message, economists' forecasts and market pricing. Data since the October monetary policy review has been mixed, but it looks like no data could disrupt plans. Data will make a decision after this meeting, but as the official cash rate (OCR) is closer to neutral, our base expectation is that the Reserve Bank of N...
Barclays said we now expect the Federal Reserve's FOMC to cut rates three times this year by 25 basis points each in September, November and December. We assume the labour market will show continued resilience in the August report and the unemployment rate will stop rising. Based on this assumption, we currently believe a 50 basis point cut in September is unjustified. However, if the unemployment rate rises further, then it will raise concerns that the labour market is cooling faster than expec...