RBNZ likely to stay on hold

RBNZ likely to keep cash rate unchanged at 1.75%

Bloomberg out with an article on RBNZ cash rate decision on Thursday:

• Low inflation and a softer growth outlook suggest there is no rush to tighten monetary policy
• Expect RBNZ to postpone plans for a rate increase (currently signalled for 2019)
• Decision-making by committee is also on the horizon.

Check out this article by Greg here yesterday which signalled the new RBNZ approach to decision making and that monetary policy statements will look different now.

Bottom line : No change for the kiwi expected. Rate expected to stay statue still...