What to expect from the RBNZ this week? - Westpac

Analysts at Westpac explained that the RBNZ is not expected to ruffle NZ interest rate markets too much this week.

Key Quotes:

"Guidance in Thursday’s MPS likely to be a repeat of November’s, saying they are well and truly on hold." 

"It’s NZD FX markets which should be poised for a warning shot across the high Kiwi. NZ rates retain the steepening theme, courtesy of a stable OCR and US-led long end. NZ-US and NZ-AU spreads continue to decline, the latter subject to movement this week following the RBA and RBNZ."