Westpac citing a change in approach under new regime under Governor Adrian Orr:
- "It seems there has been a systemic change of approach at the central bank"
- RBNZ is now "keener to shore up GDP growth when it flags
- more willing to take a risk when inflation shows signs of rising
WPAC assessing that restrained tradable inflation set to persist longer than previously expected
- one out of three chance of a rate cut, but expecting better improved economic data to avert a cut
