Forget the RBNZ following the RBA with a rate hike. They say that rates will be held steady until the second half of 2010 and that the high Kiwi hampers exports. Inflation is expected to track within their band and removing some fiscal stimulus may require less work on monetary policy.
This is one more piece of evidence that the global recovery may not be as robust as thought only a few weeks ago.
Kiwi is at session lows , now around 0.7230.
