NZ data (NZIER QSBO) just out is prompting forecasts for a near term RBNZ rate cut

Business confidence and activity is down further in this Q3 report, post here:

• NZ data - quarterly business survey. Business confidence -35% (prior -34%)

First cab off the rank is ASB, brining forward their rate cut call for the rbnzzReserve Bank of New Zealand:

• forecast a 25bp cut in November (RBNZ meet November 13)
• and another in Feb 2020