21 Jul 2014
RBNZ to deliver 4th consecutive 25bp OCR hike - ANZ
FXStreet (Bali) - ANZ Strategists expect the RBNZ to deliver their fourth consecutive 25bp OCR hike on Thursday.
Key Quotes
"The decision to hike is the path of least resistance given current market pricing, though we think the decision itself should be less clear cut than assumed by the market."
"We expect a policy assessment that will signal that a tightening bias remains,but that future OCR moves are very data dependent and reliant on how the inflation outlook evolves. This clears the way for a pause in OCR lifts post-July."
Key Quotes
"The decision to hike is the path of least resistance given current market pricing, though we think the decision itself should be less clear cut than assumed by the market."
"We expect a policy assessment that will signal that a tightening bias remains,but that future OCR moves are very data dependent and reliant on how the inflation outlook evolves. This clears the way for a pause in OCR lifts post-July."