Goldman Sachs on the RBNZ - cite today's statement for more cuts coming

Goldman Sachs have been expecting a cut from the Reserve Bank of New Zealand in August, they continue to do so

But they have added to their expectaiotns for future cuts.

• now looking for a cut in November of another 25bp
• and then again in March of next yeat (another 25 bp cut)

GS finding today's economic outlook update from the RBNZ (earlier here, and other responses are here) as a reason to expect more and more easing.