RBNZ Watch New Zealand - RBNZ will wait and see GDP growth in Q1 was stronger than the RBNZ had forecast and the Bank will have been encouraged by the government’s stimulatory Budget. As such, the RBNZ is likely to take a ‘wait and see’ approach... 20th June 2019 · 1 min read
RBNZ Watch Subdued data keep RBNZ on track to cut rates in May We expect the recent string of soft economic data will be enough for the Reserve Bank of New Zealand (RBNZ) to cut rates to 1.50% when it meets next week on Wednesday 8th May. Since the RBNZ shifted... 2nd May 2019 · 1 min read
RBNZ Watch New Zealand - Hold the line The Reserve Bank of New Zealand (RBNZ) will retain its neutral stance when it keeps rates on hold at its meeting on Wednesday the 27th March 2019. The softening in GDP growth in the second half of... 21st March 2019 · 1 min read
RBNZ Watch New Zealand - Slowdown will keep rates on hold until 2021 The Bank will be weighing up the impact of a tighter labour market but weaker GDP growth when it leaves interest rates at 1.75% on Wednesday. It’s unlikely that any of the recent data will cause the... 7th February 2019 · 1 min read
RBNZ Watch New Zealand - Don’t expect a change in rates for at least three years The Reserve Bank of New Zealand will keep interest rates unchanged at 1.75% at the policy meeting on Thursday 8th November, with recent encouraging economic data making a cut less likely. Even so, we... 1st November 2018 · 1 min read
RBNZ Watch New Zealand - Rates may not rise until late 2021 The Reserve Bank of New Zealand will keep interest rates unchanged at 1.75% at the policy meeting on Thursday 27th September and will probably acknowledge that GDP growth in Q2 was stronger than it... 20th September 2018 · 1 min read
RBNZ Watch New Zealand - Hinting that rates may rise later While leaving interest rates at 1.75% at the policy meeting on Thursday 9 th August, the Reserve Bank of New Zealand will probably acknowledge the recent softening in activity by revising down the GDP... 2nd August 2018 · 1 min read
RBNZ Watch New Zealand - Orr’s sticking to the plan The Reserve Bank of New Zealand will almost certainly leave interest rates on hold at 1.75% at its policy meeting on Thursday 28 th June and Governor Orr may well repeat that rates will stay at this... 21st June 2018 · 1 min read
RBNZ Watch New Zealand - Rates on hold throughout 2018 and 2019 The only thing we expect to change at the Reserve Bank of New Zealand‘s monetary policy meeting on Thursday 10 th May is the Governor, as interest rates will almost certainly stay on hold at 1.75% at... 3rd May 2018 · 1 min read
RBNZ Watch New Zealand - Risk of a step change in policy when Orr takes the helm The Reserve Bank of New Zealand will almost certainly keep the official cash rate on hold at 1.75% at Grant Spencer’s final meeting as Governor on Thursday 22nd March and it’s likely to reiterate that... 15th March 2018 · 1 min read
RBNZ Watch New Zealand - Spencer to play it safe at his penultimate meeting The Reserve Bank of New Zealand (RBNZ) will almost certainly leave the official cash rate on hold at 1.75% at its policy meeting on Thursday 8th February and, in the accompanying Monetary Policy... 1st February 2018 · 1 min read
RBNZ Watch New Zealand - Jobs mandate to move the goalposts not change the game The Reserve Bank of New Zealand will leave interest rates at 1.75% at the policy meeting on Thursday 9th November and by adopting a more cautious tone in the accompanying Monetary Policy Statement it... 2nd November 2017 · 1 min read
RBNZ Watch New Zealand - New Governor, new government (?), same dovish story While Grant Spencer will almost certainly decide to keep interest rates on hold at 1.75% at his first meeting as Governor of the Reserve Bank of New Zealand (RBNZ) on Thursday 28 th September, the... 21st September 2017 · 1 min read
RBNZ Watch New Zealand - Markets slowly getting the “no rate hike” message The Reserve Bank of New Zealand will probably strike a dovish tone after leaving interest rates on hold at 1.75% at the policy meeting on Thursday 10th August, partly due to the softer economic news... 3rd August 2017 · 1 min read
RBNZ Watch New Zealand - RBNZ won’t be perturbed by the weak GDP figures Although the first-quarter GDP growth figures were notably weaker than the RBNZ had expected, the Bank will almost certainly keep the official cash rate (OCR) on hold at 1.75% at its monetary policy... 16th June 2017 · 1 min read
RBNZ Watch New Zealand - RBNZ’s rate projections may reflect upturn in inflation While the Reserve Bank of New Zealand will almost certainly keep the official cash rate on hold at 1.75% at its policy meeting on Thursday 11 th May, in light of the stronger-than-anticipated first... 4th May 2017 · 1 min read