RBNZ is likely to maintain its cautious stance - ANZ

At its final meeting for 2017, the RBNZ is likely to maintain its cautious stance and keep its interest rate projections broadly unchanged, while downgrade growth and upgrading its inflation forecasts, according to analysts at ANZ.

Key Quotes

“The economic picture has been mixed of late, but structural drivers of growth remain solid and the market has very low expectations for future RBNZ moves. We expect further unwind of the negativity priced into the NZD and see some upside for the currency, especially against low-yielding peers.”