Previews posted earlier are here:

Slotting in a couple of other quick snippets, with a focus on what to watch for the kiwi $

BNZ:

  • We think it's likely the Bank reaffirms, at this stage, that it will buy bonds under its QE programme until June 2022, and there is a chance the MPC guides the market towards expecting some further gradual tapering in the pace of purchases this year.
  • The Bank will want to avoid a post-MPS surge in the NZD, but as we have seen post the RBA's overtly dovish early-February Statement, the Bank's ability to hold back the NZD is limited, if not non-existent, against the backdrop of the global reflation trade.

CBA:

  • Orr is likely to talk up the risks and uncertainties ahead
  • The risk is the NZD ... fall briefly post-meeting because of the RBNZ's dovish assessment
Previews posted earlier are here: