ANZ revise their RBNZ forecast - expect one more cut only, to 0.1% in May 2021

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of New Zealand call from ANZ 

  • "With the economic outlook much improved, the need for stimulus is reduced. We now expect the RBNZ to cut the OCR only once more, by 15bp to 0.1% at the May MPS."
  • We expect the RBNZ to maintain a dovish bias for a long time yet in order to head off any premature tightening in monetary conditions that would undermine improvement in inflation and the labour market.  
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