ANZ revise their RBNZ forecast - expect one more cut only, to 0.1% in May 2021

Reserve Bank of New Zealand call from ANZ

• "With the economic outlook much improved, the need for stimulus is reduced. We now expect the RBNZ to cut the OCR only once more, by 15bp to 0.1% at the May MPS."
• We expect the RBNZ to maintain a dovish bias for a long time yet in order to head off any premature tightening in monetary conditions that would undermine improvement in inflation and the labour market.