NZD traders - Westpac says May is perhaps the last chance for an RBNZ rate cut in 2019

From the bank's most recent Weekly Commentary, a bit of an eye-opener

• Noting first that the RBNZ's moved towards and'easing bias in its Monetary Policy Statement
• WPAC forecast a cut at the May meeting

But, WPAC now noting an improving global economic backdrop and thus:

• "If the RBNZ doesn't cut rates in May, there's a chance that the door will be closed for the remainder of 2019"
• "Through the second half of this year, we expect that the firming in the global economy will be more obvious. We also expect to see an improvement in the domestic data pulse, particularly in the household sector."