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- Rebuilding better, migration and insurance flows may all be NZD positive – ANZ
Rebuilding better, migration and insurance flows may all be NZD positive – ANZ
NZD/USD has slipped firmly toward 0.6200. RBNZ hogs limelight but economists at ANZ Bank highlight some factors that could strengthen the Kiwi.
Kiwi’s immediate future will depend on what the RBNZ does
“The Kiwi held fairly steady, with US markets closed for Presidents’ Day and markets awaiting tomorrow’s RBNZ decision. On the latter, market expectations seem to have swung slightly away from arguments to go easy post-cyclone and back toward the economic arguments to press ahead with hikes.”
“The Kiwi’s immediate future will depend on what the RBNZ do, but as markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained NZD strength – more than we thought just a few days ago.”
See – RBNZ Preview: Forecasts from six major banks, 50 bps seems appropriate
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