Reserve Bank of New Zealand policy decision due 13 November 2019 at 0100GMT

  • OCR announcement
  • Monetary Policy Statement
  • media conference follows


Couple of other snippets, via ...


  • we think the OCR committee will, in a finely-balance decision, err on the side of a 25bp cut to 0.75% and maintain a slight easing bias
  • This is mainly as it remains nervous about GDP growth not being as strong as it forecast in August

UBS assesses the likelihood of a cut at 15%


  • 60% chance of a rate cut
  • If they don't cut … Kiwi $ will spike, possibly through 65
  • Whereas if the RBNZ cuts … the currency will ease