The RBNZ left rates unchanged at 2.5% earlier today. Now a Reuters poll of market professionals shows expectations that rates will be at 2.75% by Q3 2012 and at 3% by year’s end. A similar poll last week on Australian rates, showed expectations that Australian rates would fall from current levels at 4.25% to 2.75% by the end of 2012. This of course would have a big impact on the AUD/NZD cross, which is usually very rate sensitive.