Reserve Bank of New Zealand monetary policy announcement is due at 0100GMT

Governor Orr will hold a press conference following from a local landscaping firm's parking lot (I made that location up, K?)

Consensus expectations, which seem likely indeed are for

  • the cash rate (OCR),
  • Large Scale Asset Purchase (LSAP)
  • and forward guidance

to be left unchanged. However more detail is expected on the Bank's 'Funding for Lending Programme' (FLP) - cheap funding for banks.

Earlier:

I'll post up further previews in the days ahead.

Reserve Bank of New Zealand monetary policy announcement is due at 0100GMT