Comments from HSBC in the wake of the Reserve Bank of New Zealand decision earlier

From HSBC economists Paul Bloxham & Daniel Smith

  • Will cut to 2.25% in 2016
  • RBNZ hopes it doesn't have to do more
  • But it has a mild easing bias
  • HSBC recon there is a risk NZ inflation stays lower for longer

HSBC client note (via Bloomberg)


That 'mild easing bias' is not what I read in the statement, but there you go