纽元在新西兰央行宣布完全定价的25个基点降息后大幅上涨 – BBH
新西兰元(NZD)在纽储行宣布完全定价的25个基点降息并暗示其宽松周期结束后上涨,为2026年潜在的NZD涨幅奠定基础,BBH外汇分析师报告。

新西兰元(NZD)在纽储行宣布完全定价的25个基点降息并暗示结束宽松周期后上涨,为2026年潜在的NZD涨幅奠定基础,BBH外汇分析师报告称。

纽储行结束宽松周期,信号OCR将保持稳定至2026年末

"在纽储行实施鹰派降息后,NZD表现优于其他货币。正如完全定价的那样,纽储行将官方现金利率(OCR)下调25个基点至2.25%。委员会以5-1的投票结果支持降息,持不同意见者更倾向于维持不变。OCR现在处于纽储行新估计的中性范围的下限,范围为2.2%-4.0%。"

"更重要的是,纽储行暗示其宽松政策实际上已经结束。纽储行取消了其宽松偏向,而是强调“未来OCR的变动将取决于中期通胀和经济前景的发展”。实际上,纽储行更新的OCR预测暗示在2026年第四季度之前不会有变动,随后在2027年第一季度将进行加息。"

"底线:随着美联储实施更多降息,全球经济活动保持韧性,NZD/USD可能会小幅上涨。值得注意的是,新任纽储行行长安娜·布雷曼将于12月1日上任,而临时行长克里斯蒂安·霍克斯比将于11月30日离开纽储行。"

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