• UBS says the RBNZ will leave rates on hold at 3.5% until December
  • Had previously forecast a rate rise in June
  • Benign inflation, falling currency, developing drought make the case for a later resumption of rises in rates

Finally, a post that’s nothing to do with Switzerland!

Oh … wait … What does the “S” in UBS stand for? Darn it ….

Headlines on Bloomberg

From yesterday …