First NZ Capital says RBNZ is on hold until December 2015

First NZ Capital economist Chris Green:

• RBNZ will keep the OCR at 3.5% until December 2015
• Had previously forecast rate rise in September

He cites:

• RBNZ comments on “modest” domestic inflationary environment
• Says the tone of statement “was more dovish”

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More here:

• BNZ forecast the Reserve Bank of New Zealand will keep cash rate on hold until December 2015
• RBNZ decision – Westpac initial impressions

• Forex Technical Trading: NZDUSD gets a double shot of selling pressure
• RBNZ decision – Westpac initial impressions
• RBNZ Full text: New Zealand interest rate decision