Just two quick snippets on what to expect from the Reserve Bank of New Zealand to add to previews already posted;
- NZD traders - preview of the RBNZ meeting this week
- NZD traders - the RBNZ meet next week, no change expected
- NZD traders - An early preview of the RBNZ meeting next week (and where to for the NZD)
- Ahead of the RBNZ meeting - Shadow Board recommends 'on hold'
Citi (expecting an on hold decision …. isn't every one?):
- We currently maintain out view that the RBNZ will begin the hiking cycle in Q3 2019, with the risk that it is delayed
TD focus on ANZ's business confidence data due the day before, but do add a wee bit on the RBNZ, expecting an on hold decision:
- Confidence (prior -50) and own activity (prior +4) are 2008 recession levels.
- While Q2 GDP was strong, negative investment and employment intentions suggest a H2 slump, and so a recovery would be hawkish for the NZD.
- Inflation expectations on target at 2.2%, but the RBNZ is looking elsewhere just now.
Barclays - expecting on hold also
Morgan Stanley - expecting on hold
