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The Outlier Interest Rate Decisions: RBNZ & Banxico
The second half of the week has a couple of potential surprises. While it’s true that all central banks are charting new territory, that’s especially the case for the RBNZ and Banxico… But for widely different reasons. Given the situation, the market might have a rather unusual reaction to the usual. Therefore, it’s worth paying attention to the unexpected signals. New Zealand to Stay Cautious Traditionally, the economies of New Zealand and Australia have been attached at the hip. So too have their monetary policies. However, the recent spike and drop in cases in Melbourne have set the two countries apart as ... (full story)