RBNZ Preview: Another Large Step Towards the Neutral Zone

We think it highly likely that the RBNZ will cut the OCR by 50bps to 3.75% next week but project a slower pace of easing after February. The RBNZ’s near-term CPI forecasts will likely be revised slightly higher due to the weaker TWI and higher commodity prices balanced by weaker non-tradable inflation. We think the […]

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