Wednesday, 9th May, 2018
  • With a new Governor and a new Policy Targets Agreement, Thursday’s RBNZ Monetary Policy Statement will be the much-anticipated event of the week. We are not expecting any changes to policy settings or changes to the tone of the statement.
  • Offshore, the Bank of England rate announcement is the key event.
  • Until recently, markets had expected a May rate hike. However, recent soft economic data have put BoE rate hike expectations on ice for now.

 

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