Where to for the RBNZ in 2019? Analysts say on hold to Q3, but then …

Reuters have published their latest poll of economists opinions for the direction of Reserve Bank of New Zealand policy next year

14 of the 14 surveyed see the RBNZ on hold through to Q3 of 2019

• 5 see a rate hike in Q4
• 1 sees a rate cut
• the remaining 9 see on hold during Q4

Market pricing is leaning slightly towards a cut

Yesterday we had ANZ out with their their call:

• ANZ change their call on the RBNZ, forecast a rate cut in Nov of 2019