Here is a quick preview of the Reserve Bank of New Zealand monetary policy meeting tomorrow from Goldman Sachs

This is via eFX

Goldman Sachs expect the RBNZ to keep rates on hold at 3.50% this week (June 10, 21.00 GMT), in line with consensus.

"The risks of a rate cut at the upcoming meeting are material, and we note that this has increasingly been reflected in financial markets - which are now pricing a -25bp cut as an ~45% chance," GS argues.

"On balance, however, we still see the risks as skewed towards a later commencement of the easing cycle (GS: -25bpts in September 2015 and March 2016)," GS preview.

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I did a preview earlier, here: NZ Central bank meeting coming up this week - to cut or not?

Also, more re NZ from the past few days:

  • HSBC's Bloxham favours a cut from RBNZ this week
  • Westpac NZD forecast lowered from 0.72 to 0.68 by end 2015
  • OECD says RBNZ should lay off cutting rates