We expect the RBNZ to leave the OCR unchanged at its July meeting. The RBNZ will likely retain an easing bias but stay noncommittal on when it might act on that bias. The RBNZ will likely note the uncomfortably high near-term inflation outlook and upweight this factor relative to more recent indicators of weaker economic […]
The post Preview of RBNZ: Time for a cup of tea appeared first on Action Forex.