Preview of the Reserve Bank of New Zealand policy decision due at 0200GMT on Wednesday 25 September 2019

Earlier:

And this:

Westpac have set out a number of scenarios and probabilities they assign:

Our hawkish scenario

  • 20% chance
  • characterised by a statement bereft of any hint of further easing
  • NZD/USD up 1c.

Our dovish scenario

  • a 10% chance
  • a 25bp cut
  • Markets would be very surprise
  • NZD/USD would fall 1.5c

Neutral scenario

  • 70% chance
  • easing bias
  • +25 pips for NZD/USD
Preview of the Reserve Bank of New Zealand policy decision due at 0200GMT on Wednesday 25 September 2019