TD now expects the RBNZ to hike in November 2019 (previously were at May 2019)

TD on the Reserve Bank of New Zealand

• we remain more constructive about the outlook for New Zealand
• we need to see substantial growth and/or inflation disappointment to push the first hike into 2020
• underlying inflation measures need to be at 2% or higher for RBNZ to consider hiking the cash rate

TD summary via Bloomberg