Responses to the RBNZ monetary policy announcement coming through

The Reserve Bank of New Zealand sept September 2018 policy announcement post is here

• NZD - RBNZ policy decision - rates stay on hold, as expected

The only thing we got from the RBNZ was the scheduled media release; no news conference nor full Monetary Policy Statement this time around. Those will accompany the November decision (Nov 8)

This an (in summary ) response from Westpac:

no surprises for markets

• OCR on hold at 1.75%, as was universally expected
• repeated the key policy phrase that the OCR could go "up or down"
• Markets interpreted the decision as neutral