Responses to the RBNZ continue - another bank looking for a 2019 rate cut

Since the RBNZ announcement earlier today the rate cut calls have been coming in.

The cash rate was left on hold today:

• RBNZ on hold, as expected
• NZD (and AUD) marked down on RBNZ dovish statement

then:

• ANZ in New Zealand tips an RBNZ rate cut in November 2019 but say the risk is earlier
• Responses to the RBNZ policy guidance shift to dovish
• Responses to the RBNZ continue

Add in ASB, the bank nominating August for when they expect a rate cut from the Reserve Bank of New Zealand.

NZD so far languishing on its session lows