Reuters poll: RBNZ to stay on hold until Q1 2013

Reuters have polled 16 analysts after this morning’s RBNZ decision and statement and overall sentiment has shifted markedly it would seem. There had been some market expectation of a more dovish statement but 11 out of the 16 think the RBNZ will wait until Q1 2013 for the next 25bps cut and the other 5 think the cut will come later in 2013.