RBNZ: Expect the Reserve Bank to hold the OCR at 1.75% - Westpac

Sandeep Kanihama FXStreet Contributor

Analysts at Westpac, expect the Reserve Bank of New Zealand to hold the OCR at 1.75% and to maintain a neutral outlook for interest rates in its upcoming meet on Thursday.

Key Quotes

“While near-term inflation is looking a bit stronger, growth in activity has fallen short of the RBNZ’s very optimistic forecasts. The slowdown in the housing market may have been a factor here.”

“The risk is that the economy simply may not have enough puff to generate the sustained lift in inflation pressures that the RBNZ is looking for.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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