Non bank analysts at Capital Economics on where to for the Reserve Bank of New Zealand
- RBNZ took a surprisingly dovish turn when it left the official cash rate on hold at 1.75%, and indicated that the next move is likely to be down
- Given that we are more pessimistic about the outlook for GDP growth than the Bank, we now think that it will cut rates twice this year, with the first probably coming as soon as May.
Bolding mine.
CE not the only ones tipping a cut in MaY:
