More on the RBNZ – ASB says to expect a more drawn out tightening cycle

• ASB says to expect a more drawn out tightening cycle
• Says RBNZ still likely to tighten in March 2015 – but a more prolonged cycle for the next 100 basis points
• Peaking at 4.5% in March 2016 (previously expected peak in December 2015)
• Says the RBNZ see inflation pressures as significantly milder
• Says the RBNZ notes immigration is boosting productive capacity
• ASB thinks there is a more benign inflation outlook in RBNZ’s forecasts

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Earlier on the RBNZ today:

• New Zealand dollar traders – Reserve Bank of New Zealand announcement due at 2100GMT
• Technical Analysis: A Preview of the RBNZ Decision and Technical Levels
• RBNZ’s Wheeler speaking now: Rate pause has nothing to do with election
• Reserve Bank of New Zealand – leaves rates unchanged
• RBNZ: A Comparison of the Statements (July and September)
• Call for lower currency but more tightening to come has NZDUSD bouncing around
• Westpac forecasts next RBNZ rate hike in March 2015