RBNZ delivers hawkish cut, lifts NZD – ING
Oleh FXStreet Insights Team
Tarikh Diterbitkan: 26 Nov 2025 | Tarikh Diubah: 26 Nov 2025
ARTIKEL POPULAR
The New Zealand Dollar (NZD) strengthened after the RBNZ delivered a hawkish 25bp cut and signaled no further easing, prompting markets to price out additional rate reductions and supporting expectations of a near-term NZD/USD recovery, ING's FX analyst Francesco Pesole notes.
The New Zealand Dollar (NZD) strengthened after the RBNZ delivered a hawkish 25bp cut and signaled no further easing, prompting markets to price out additional rate reductions and supporting expectations of a near-term NZD/USD recovery, ING's FX analyst Francesco Pesole notes.
NZD rallies as RBNZ signals no further easing
"The Reserve Bank of New Zealand (RBNZ) matched our expectations for a hawkish cut overnight, prompting a rally in NZD. The 25bp reduction was accompanied by updated rate projections that showed no more rate cuts, and one member voted for a hold."
"The forward guidance has, as a central scenario, unchanged rates for the whole of 2026, although unsurprisingly the Committee is retaining some dovish conditionality ('If the OCR was to change over the next three to six months, it might be more likely to go down than up')."
"The NZD OIS curve has priced out additional easing, with only 5bp left in the curve by March. The notion that the RBNZ has maxed out its easing potential should support a recovery in NZD/USD, also in line with our bearish USD view. We continue to target a move above 0.570 in the near term."
Lebih sejuta pengguna bergantung pada FXStreet untuk data pasaran masa nyata, alat carta, pandangan pakar dan berita Forex. Kalendar ekonomi yang komprehensif dan webinar pendidikan mereka membantu pedagang kekal bermaklumat dan membuat keputusan yang dikira. FXStreet disokong oleh pasukan kira-kira 60 profesional di ibu pejabat Barcelona dan pelbagai wilayah global.
Baca Lagi
