Comments from HSBC analyst Paul Blosham

Via Livesquawk (the full article might be gated for members, but you can get a trial here)

  • Favours a June cut in the OCR to 3.25%

Cites:

  • Falling business confidence
  • Weaker global conditions
  • Very low inflation
  • Recent tightening of macro-prudential settings

"have opened the door for the RBNZ to cut rates"

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Over the weekend I did an RBNZ preview: NZ Central bank meeting coming up this week - to cut or not?