The Reserve Bank of New Zealand statement is due at 0200 GMT, which is 2200 US Eastern time. I posted previews earlier:

This brief one is via Westpac:

  • The Reserve Bank is widely expected to leave the OCR at 5.50% at its April policy review.
  • There has been limited information on the economy since the February Monetary Policy Statement.
  • GDP growth was slightly weaker than expected, but the impact is marginal compared to past forecast misses.
  • Meanwhile, the inflation outlook still looks challenging in the near term, with the March quarter CPI likely to come in higher than the RBNZ’s forecast.
  • We think the RBNZ will remain comfortable with the forward outlook that it communicated in February. Market pricing for an OCR easing as early as August is unlikely to find support
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Note that there is no media conference or supplementary published report for the Monetary Policy Review today.