Capital Economics says the RBNZ will not cut interest rates again

Updated forecast from Capital Economics following the employment data from New Zealand earlier today

Jobs report is here ICYMI:

• NZ Q4 2019 jobs report. Unemployment rate 4.0% (vs. expected 4.2%)
• and a bit more added here: NZD response to the employment data - headline looked good but the details, no

Capital Economics:

• the fall in the u/e rate "all but ensures that the RBNZ will keep rates on hold in February"

(Note - the Reserve Bank of New Zealand meet February 12 (local time) )

And, further out:

• "Given that we expect employment growth to rise from here we think the Bank's easing cycle is now over"

Rate cut cycle over says CE.