Plenty of RBNZ talk today:

  • RBNZ - more analyst responses
  • RBNZ - analyst responses
  • RBNZ Governor Wheeler press conference
  • RBNZ: Cuts rates by 25bp, as expected

More now, from ASB:

  • An easing bias remains, but is not as explicit as in July when the RBNZ's outlook changed significantly
  • The RBNZ"s 90-day bank bill forecast track is consistent with a further 25bp cut over the year ahead
  • We continue to expect the RBNZ to cut the OCR in October to a low of 2.5%, and for the RBNZ to be comfortable once the OCR reaches that level
  • Next year we see the risks slightly biased to further cuts, with the risk that inflation doesn't return to 2% as quickly as the RBNZ anticipates
  • In the near term, we expect growth in the last half of 2015 to slightly undershoot the RBNZ's forecast.

(Bolding mine)