Reserve Bank of New Zealand meet March 25

  • ANZ NZ project a 50bp cut at the meeting
  • then another cut, of 25bp, in May
  • COVI-19 developments evolving rapidly, outbreak spreading quickly outside China
  • global economic slow down is guaranteed, lower demand, supply disruptions

Early NZD trade, its nudging 0.6200 as I update having been as low as circa 0.6180