Recent developments mean that the RBNZ’s outlook for the OCR has likely moved back towards that forecast in the February MPS. We are similarly updating our forecasts to reflect the unexpectedly quick resolution of the Iran conflict and associated significant decline in the price of oil and refined fuels prices and related commodities. We now […]The post Back to the Future: RBNZ to Scale Back OCR Hikes as Energy Price Worries Recede appeared first on ActionForex.