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RBNZ seen holding rates at 1.0% in February – UOB

Economist at UOB Group Lee Sue Ann believes the RBNZ will keep the policy rate unchanged at 1.0% at its February meeting.

Key Quotes

“The latest 4Q19 inflation numbers would add some cheer to the RBNZ. At 1.9%, inflation is very near the midpoint of the 1%-3% target band. The RBNZ had forecast a quarterly increase of 0.2% in its November monetary policy statement, which would have taken the annual rate to 1.6%. We expect the upside surprise will allow the RBNZ to sit tight when it releases its next monetary policy statement on 12 February.”

United States Challenger Job Cuts increased to 67.735K in January from previous 32.843K

United States Challenger Job Cuts increased to 67.735K in January from previous 32.843K
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GBP/JPY Price Analysis: Bearish head & shoulders pattern spotted on hourly charts

The GBP/JPY cross edged lower on Thursday and retreated further from near two-week tops set in the previous session. Despite the pullback, the cross h
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