The Reserve Bank of New Zealand decision is due at 2pm New Zealand time:

  • 0200 GMT
  • 2200 US Eastern time

The Bank is widely expected to hold rates at 5.50%

  • While inflation is still well above target the subsiding NZ economy is likely to prompt the Bank to be a touch less hawkish than it was in May and to voice concern over sluggish economy, worsening business confidence
  • This meeting is a policy review, not a full Monetary Policy Statement; there will be no fresh economic forecasts or briefing issued


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