13 Jul 2015
Expect further easing from the RBNZ – Goldman Sachs
FXStreet (Edinburgh) - In the view of analysts at Goldman Sachs, the Kiwi dollar could slide to the 0.62 region in a year’s time following rate cuts by the RBNZ.
Key Quotes
“Finally, in New Zealand, our NZ economists are forecasting a further three cuts from the RBNZ following their June cut, as domestic demand disappoints the central bank’s forecasts against an already-weak inflation backdrop”.
“Despite the large depreciation we have seen since May, we think NZD/$ will fall further to 0.62 in 12 months”.
Key Quotes
“Finally, in New Zealand, our NZ economists are forecasting a further three cuts from the RBNZ following their June cut, as domestic demand disappoints the central bank’s forecasts against an already-weak inflation backdrop”.
“Despite the large depreciation we have seen since May, we think NZD/$ will fall further to 0.62 in 12 months”.