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    RBA to begin easing in November, RBNZ to hike 25 bps at next week's meeting – TDS

    Source Fxstreet
    Feb 23, 2024 12:23

    Economists at TD Securities revise its RBA and RBNZ cash rate calls.

    RBNZ’s eventual easing cycle is likely to be more aggressive

    RBA: We still expect 100 bps of cuts in the easing cycle, but forecast the first 25 bps cut to be delivered in Nov'24 vs. our prior call for Aug'24.

    RBNZ: We now forecast hikes at next week's meeting – 25 bps – and in May to take the OCR to 6%. Consequently, the eventual easing cycle is likely to be more aggressive with 200 bps of cuts.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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