9 May 2016
RBNZ to cut rates again in June? - Westpac
Imre Speizer, analyst at Westpac explained that they retain our forecast the next cut will be in June.
Key Quotes:
"Compared to March, when the RBNZ projected one more cut, conditions overall have deteriorated with the higher NZD TWI and limited mortgage rate decline arguing for even lower. Markets rate June a 80% chance, by August a done deal, and even give a 64% chance to a sub-2% OCR."
Key Quotes:
"Compared to March, when the RBNZ projected one more cut, conditions overall have deteriorated with the higher NZD TWI and limited mortgage rate decline arguing for even lower. Markets rate June a 80% chance, by August a done deal, and even give a 64% chance to a sub-2% OCR."