The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3).
NZD will be driven by RBNZ
What will happen?
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT. The central bank will announce its policy decision. Last time, it held its official cash rate at a record low of 0.25% during its February meeting and left the asset purchases unchanged. However, some were expecting the RBNZ to shift to a more hawkish stance – raise rates or decrease asset purchases. Who knows, maybe it will be the case this time.
How to trade on RBNZ’s statement?
- If the RBNZ is hawkish, the NZD will rise.
- If the RBNZ leaves everything unchanged and its tone is optimistic, the NZD may gain.
- If the RBNZ gives negative economic projections, the NZD may drop.
Instruments to trade: NZD/USD; NZD/CAD; NZD/JPY: AUD/NZD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.