RBNZ: Turning the page or rewriting the script? – Standard Chartered
13.03.2025, 11:06

RBNZ: Turning the page or rewriting the script? – Standard Chartered

Adrian Orr’s resignation has no effect on near-term policy but raises longer-term uncertainty. Further regulatory easing is on the table, with restrictive capital rules under potential government review. Regulatory policy shifts could impact rate differentials and capital flows via banking capital requirements. The New Zealand rates curve may steepen as policy shifts emerge, Standard Chartered's economists Bader Al Sarraf and Nicholas Chia report. 

Change of guard 

"Adrian Orr’s resignation as governor of the Reserve Bank of New Zealand (RBNZ) three years before the end of his second term comes at a time when monetary policy, financial regulation and macroeconomic conditions remain key concerns. Deputy Governor Christian Hawkesby will be acting governor until 31 March, after which a temporary replacement will serve for up to six months."

"Since 1988, all RBNZ governors have been appointed externally, suggesting that an outsider may again be favoured. However, the names being flagged in local media include both internal and external candidates."

"Orr’s successor could influence New Zealand’s monetary policy trajectory, despite the RBNZ’s tradition of consensus-driven decision-making. A more hawkish governor could advocate for a slower pace of rate cuts, prioritising financial stability, while a dovish appointment could push for more aggressive easing to support growth. In our view, the next governor is likely to be a pragmatist, balancing policy flexibility with financial stability rather than steering the central bank in a sharply different direction."

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik
Obaveštenja o promocijama i bonusima