Antipodean central banks go separate ways

Macro 10 minutes to read

Summary: After New Zealand cut rates and Australia didn't, where does that leave us? Does this policy divergence signal a race to the bottom between a proactive Reserve Bank of New Zealand and a potentially reactive Reserve Bank of Australia?

Saxo Head of APAC macro strategy Kay Van-Petersen gives us his thoughts on this in the attached presentation, as he teases out the implications of the two central banks' policy choices. He also looks ahead to the other key events that may help shape market developments in the region, particularly the directions of the AUD and the NZD.

Click here for today's Reserve Bank of New Zealand policy statement.

You can access both of our platforms from a single Saxo account.

Try the Demo

Open Account

Quarterly Outlook Q2 2022: The End Game has arrived

The End Game has arrived
Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Read article
Productivity and innovation have never been more important
As the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
Read article
The great EUR recovery and the difficulty of trading it
If the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Read article
Tight commodity markets – turbocharged by war and sanctions
With supply already tight, commodities keep powering on. But will it last for yet another quarter?
Read article
Between a rock and a hard place
Geopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
Read article
The Great Erosion
Inflation is everywhere and central banks try to combat it. But will they get it under control in time?
Read article
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recession
While global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Read article
Cybersecurity – the rush to catch up with reality
With the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.
Read article

Antipodean central banks go separate ways

Share

Quarterly Outlook Q2 2022

Quarterly Outlook Q2 2022: The End Game has arrived

The End Game has arrived

Productivity and innovation have never been more important

The great EUR recovery and the difficulty of trading it

Tight commodity markets – turbocharged by war and sanctions

Between a rock and a hard place

The Great Erosion

Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recession

Cybersecurity – the rush to catch up with reality

Your browser cannot display this website correctly.