The Reserve bank of Australia will release the rate statement and announce the update on the interest rate on February 4, at 5:30 MT time.
The RBNZ can make the kiwi weak
The Reserve bank of New Zealand will make its statement and announce an official rate on August 7, at 5:00 MT time. After that, the RBNZ governor Adrian Orr will conduct a press conference at 6:00 MT.
Markets forecast the rate cut by 25 basis points from 1.5% to 1.25%. This move will be similar to May’s one, where the bank cut its interest rate by a similar amount of points. The reasons behind the anticipated decision are the ongoing trade tensions between the US and China and the slowdown of New Zealand’s economy. In addition, the comments by Mr. Orr will be in focus, as he will share his further expectations concerning rates.
• If the RBNZ cuts its rate, the New Zealand dollar will fall;
• If the RBNZ does not cut its rate, the New Zealand dollar will rise.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.