RBNZ to keep OCR at 1.75%, retain cautiously upbeat stance - ANZ

In the view of analysts at ANZ, the Reserve Bank of New Zealand (RBNZ) is expected to leave the Official Cash Rate (OCR) at 1.75% at its policy decision later on Wednesday.

Key Quotes:

“The RBNZ will again leave the OCR at 1.75% and retain a cautiously upbeat stance.

Developments since the November Statement have been mixed to say the least, but we are not expecting the broad spirit of its assessment to change a great deal.

A similar interest rate profile is likely (although at the margin the risks are perhaps that it is a touch lower).