AUSSIE BONDS: Slightly Weaker On A Data-Light Day, AOFM Issuance Update Out
Jun-27 02:14
ACGBs (YM -1.0 & XM -2.5) are moderately weaker on a data-light day. * Cash US tsys are 1-2bps chea...
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NZD: - Slightly Bid After RBNZ
May-28 02:05
The RBNZ CUTS BENCHMARK INTEREST RATE BY 25BPS TO 3.25%; EST. 3.25%.
- NZDUSD - traded heavy into the announcement going into it around 0.5930, a pretty muted reaction with the NZD/USD bouncing slightly towards 0.5940 now.
- AUD/NZD - got up to a high around 1.0851 just before the RBNZ, but has subsequently drifted back to the 1.0820 area.
- NZD/JPY - printed around 85.48 going into the announcement, but has bounced back post the announcement to be trading around 85.70.
RBNZ: RBNZ Cuts Rates 25bp, Decision Not Unanimous
May-28 02:05
The RBNZ cut rates 25bp to 3.25% as was widely expected but the vote was split 5 to 1. The vote was between the cut and staying on hold. It published updated staff forecasts which include a downward of the OCR low to 2.9% from 3.1% in February. See statement here. A press conference with new Governor Hawkesby will be held at 1500 NZST/1300 AEST. More details to follow.
RBNZ DISCUSSED HOLD AT 3.5%, OR 25BP CUT
May-28 02:05
- RBNZ DISCUSSED HOLD AT 3.5%, OR 25BP CUT
