• RBNZ says longer-term inflation expectations remain well anchored at around two percent

Market news

9 November 2017

RBNZ says longer-term inflation expectations remain well anchored at around two percent

  • NZD has eased and if sustained will increase inflation

  • New zealand's reserve bank OCR unchanged at 1.75 percent

  • RBNZ sees official cash rate at 1.8 pct in december 2018 (pvs 1.8 pct)

  • Official cash rate at 1.8 pct in march 2019 (pvs 1.8 pct)

  • Monetary policy will remain accommodative for a considerable period

  • Employment growth has been strong

  • Cpi inflation is projected to remain near the midpoint of the target range

Eurostoxx 50 futures flat, DAX futures down 0.1 pct, CAC 40 futures flat, FTSE futures flat
Reuters poll - euro/sterling seen at 88.8 pence in 1-month, 90.0p in 6-mths, 90.0p 12-mths (88.8, 89.0, 90.0 oct poll)
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