ASB Business Weekly
Business Weekly Economic Report
No time for complacency
Monday, 26 July 2010
The RBNZ is widely expected to deliver a second consecutive increase in the OCR on Thursday, lifting it 25 basis points to 3%. The tone of the accompanying statement will then be dissected in hope of clues to the future policy outlook.
Reflecting ongoing uncertainty offshore, particularly in Europe, the RBNZ is likely to repeat that future monetary policy moves are conditional on “economic and financial market developments”.
The EU Bank tests results were released over the weekend, although the high pass rate and low estimated capital requirements are likely to leave the market doubting the robustness of the exercise.
Read the full PDF report.
Other sites of interest: www.asbsecurities.co.nz www.asb.co.nz www.commbank.com.au
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