The Reserve Bank of New Zealand decision is due at 0200GMT on Wednesday 23 September 2019
- Expectations are for on hold (unanimous so according the Bloomberg survey)
A what to expect via Westpac:
- We think the RBNZ will want to keep the OCR on hold and assess its previous action.
- The whole point of the RBNZ's jumbo-sized cut in August was to get ahead of the game.
- The RBNZ will probably use language about the "possibility" of a future cut rather than giving an overt signal of imminent easing.
- The domestic economy is shaping up weaker than the RBNZ's previous forecast; but offsetting that, the exchange rate is lower.
RBNZ Gov. Orr. A man of action. Often confused with Chuck Norris. They do look alike though don't you think?
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Not a preview, from earlier:
