Westpac are very quick off the mark with a considered response to the Reserve Bank of New Zealand statement.
It was
no surprises at all
that jumped out at me
More:
policy guidance paragraph a repeat from February
NZD exchange rate narrative omitted
- That is understandable given the NZD TWI averaged 75.0 in Q1 - exactly matching the RBNZ's previous forecast.
commentary peppered with only minor tweaks
Markets will now look ahead to the release off the new PTA.
