Reserve Bank of New Zealand monetary policy meeting next week - preview

Author: Eamonn Sheridan | Category: Central Banks

The RBNZ meet next week, announcement due at on 13 February 2019 NZ time

  • In addition to the OCR announcement will be the Monetary Policy Statement
  • and media conference to follow 
  • Governor Orr will speak again later in front of a parliament committee
This (in summary) preview via ASB:
In real brief ….  ASB expect the Reserve Bank of New Zealand  to stay on hold through 2019 and 2020
  • we expect the RBNZ to either leave the Official Cash Rate (OCR) forecast unchanged or for the timing of forecast OCR hikes to be pushed out slightly
  • The RBNZ is likely to reiterate that there are both upside and downside risks to the outlook, but may note that the risks (particularly global) have become more heavily skewed toward the downside since November

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