The Reserve Bank of New Zealand meet Wednesday 13 February 2019 (NZ time)

I posted earlier on Westpac's view: Some NZD items about as the new week opens - RBNZ seen on hold

This now via the New Zealand Institute of Economic Research (NZIER)

Monetary Policy Shadow Board's looking for the Official Cash Rate (OCR) 'continues to be firmly on no change'

Citing:

  • higher levels of global uncertainty
  • rising trade tensions (US -China_
  • slower growth concerns in the Chinese economy

Further out … "Recent developments suggest the Reserve Bank will keep the OCR on hold until 2020 as it assesses how the risks will play out."

While the full NZIER report is gated there is a bit more here at their summary

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If the NZIER's Monetary Policy Shadow Board is new to you, please note:

  • its not related to the RBNZ
  • Shadow Board participants show where they think interest rates should be, not what they believe will happen