
The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3).
The Reserve Bank of New Zealand will conduct a meeting on May 26, at 05:00 MT time. During this event, policymakers will discuss the effectiveness of a current monetary policy and possible adjustments to it. Based on their conclusions, they will publish a monetary policy statement – a document that will contain economic forecasts and possible changes to the bank's interest rate. As the regulator keeps the official cash rate at the record low of 0.25%, the main question for traders is when the bank plans to hike it? According to ANZ, a famous Australian multinational banking and financial services company, the RBNZ may go hawkish as soon as August 2022. Additionally, the forecasts for GDP, employment, and inflation are expected to be revised up. At the same time, analysts don't see any sign of changes to the quantitative easing program.
The markets will likely react to any change in the tone of the bank.
Instruments to trade: NZD/USD, NZD/JPY, AUD/NZD
The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3).
Read a short market wrap before trading today!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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