by Henry Liu on December 8, 2009
3:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZD/USD BUY 2.75% SELL Unchanged
RBNZ is expected to keep rates unchanged at the current level of 2.50% once again during today’s rate decision, as unanimously agreed by all economists surveyed, according to Bloomberg. As a matter of fact, there seems to be no fundamental reason supporting a rate hike for NZD in the near future, as the current inflationary target for NZD remains below the magical 2.0% level until perhaps 2011…
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by Henry Liu on November 10, 2009
5:30am NY Time UK BOE Inflation Report
ACTION: N/A
Bank of England (BOE) will release its inflation report for the quarter, this report will contain BOE’s inflation target for the next two years, along with reasons of recent decisions in BOE’s monetary policy. This report, as defined by BOE itself:
“…It serves two purposes. First, its preparation provides a comprehensive and forward-looking framework for discussion among MPC members as an aid to our decision making. Second, its publication allows us to share our thinking and explain the reasons for our decisions to those whom they affect.”
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