NZD: Don’t expect a cut from RBNZ - TDS

Research Team at TDS, suggests that all eyes will be on the RBNZ Thursday, with a strong view needed to capture the market’s attention ahead of the ECB decision that evening.

Key Quotes

“We don’t expect a cut this week or all year, despite the slide in inflationary expectations. The RBNZ has a lot more work to do to convince the population and markets that inflation is closer to 1.6% than zero.”