This was out a few hours ago re the Reserve Bank of New Zealand decision due Thursday (local NZ time)
- The New Zealand Institute of Economic research
- Their Monetary Policy "Shadow Board"
- Recommends the Official Cash Rate on hold at the meeting this week
- "We are seeing solid momentum in the New Zealand economy, driven by strong domestic demand. But continued weak inflation and a strengthening New Zealand dollar are unhelpful for the Reserve Bank in achieving its 2 percent mid-point inflation target"
Plenty more here at the link if you'd like to check it out
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Earlier this week (that would be Monday) I posted views from BNZ and Westpac, they also expect an on hold decision from the RBNZ
- RBNZ meet this week - seen on hold (that's BNZ)
- Another NZ bank view on the RBNZ meeting this week - on hold (Westpac)
So do Goldman Sachs:
- Goldman Sachs says NZ economy too strong to justify further rate
Closer at hand:
- Heads up for NZD traders - its dairy auction day!
Now I feel like I want an ice cream :-(
