New Zealand's central bank announces the official cash rate at 2000 GMT (3 pm ET)

The New Zealand dollar has traded in a range of 0.7283 to 0.7334 today. Currently, it's virtually unchanged on the day at 0.7306.

Here's what Westpac is saying:

"We expect the RBNZ to remain on hold at 1.75% at tomorrow's MPS, and to retain a neutral bias, which shouldn't ruffle markets too much. However, there's a small risk of a hawkish shift, which would probably be expressed via a raised OCR projection. Such a move would cause NZ swap yields and the NZD to rise significantly in response."