ASB's reaction to the Reserve Bank of New Zealand announcement
ASB has picked up on the very explicit warning from the RBNZ about the NZD, saying a sustained gain in the NZD would be a key prompt for the next rate cut
- Expect a 25bp cut in December
- Then a risk more easing into 2016 as more needs to be done to get inflation to the RBNZ's 2% target
