ASB change RBNZ forecast rate hike to Feb. 2019 (from Nov. 18)

A change to their Reserve Bank of New Zealand forecast on the back of the weak labour market result

ASB had forecast the RBNZ to hike the Official Cash Rate in November 2018

• They have revised that expectation to February 2019 now

I expect we'll get more responses to this big miss on the jobs numbers as the day progresses

Data is here:

Employment change q/q: -0.2% a big miss

• expected 0.7%, prior was 1.1%, revised from 1.2%

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ASB is a New Zealand bank

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As noted on the post with the data, the NZD was marked lower immediately.

So far, little follow through though I suspect there will be more as Asia gets more active and the OTF takes note ... :