KiwiBank says "RBNZ will be forced to keep pace" with RBA and Fed rate cuts - forecast a 50bp cut

KiwiBank argue fiscal would be "the most effective, targeted, response" but recognise the tool available to the Reserve Bank of New Zealand

• We expect a 50bp move from the RBNZ in March, by way of a coordinated catch up. The market is now pricing in the move, and a 0.25% end point.