ASB have updated their outlook for the Reserve Bank of New Zealand
- Now expect 25 bp cuts from the Bank in May and August
(note, May 8 is the next meeting)
- ASB had previously been August and November
ASB citing:
- NZIER business opinion survey, the details in the survey have Q1 GDP expected at 0.4% (whereas RBNZ had forecast growth of 0.8% in the quarter)
And thus - 'risk has grown that the RBNZ will not wait before stepping in to give the economy more support'
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NZIER report post is here
Triggered a slide for the kiwi:
