ASB have shifted the date they expect the Reserve Bank of New Zealand to hike its cash rate
- The bank forecast the RBNZ to hike the cash rate in November 2019
ASB were previously at August 2019
More from ASB:
- RBNZ gives gives more room around how low long to stay on hold
- weak business confidence highlights a growing risk that growth, job growth, inflation pressure not as robust as assumed
More from Westpac (bolding mine):
- RBNZ … repeated the key policy message … the OCR will remain on hold for a long time unless there are major surprises
- only one surprise - the RBNZ saw the fiscal impulse as weaker than expected (we had thought it was stronger)
- Market responses were muted …We suspect the modest gains in the NZD were a result of the market expecting a more dovish statement
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Earlier:
- RBNZ monetary policy decision, on hold as expected
- Responses to the RBNZ coming in ... risk next rate move is a cut ….. the risk next move may be a cut is from ASB also
