The Reserve Bank of New Zealand announcement and my quick take is here:
Spoiler - RBNZ sticking neutral but some wariness creeping in - not hawkish,
Quick takes trickling in from banks now (bolding mine):
ASB:
- OCR unchanged
- Neutral bias maintained
- However, we see growing risks of the next interest rate move being a cut
Westpac:
- RBNZ sticks with the "Up or down" theme
- but notes "Government's projected spending impulse is also slightly lower and later than anticipated" and best contribution RBNZ can make is to "to ensure OCR is at an expansionary level for a considerable period"
Westpac with more:
- some slightly dovish notes in the statement
