NZD traders heads up – preview of the RBNZ meeting next week

This is a real quickie via Reuters , their poll of 15 economists:

All 15 forecast the RBNZ on hold rates on March 22

  • 13 of the 15 expect rates on hold until the end of 2018
  • 6 of 14 economists say the RBNZ will hike rates by the end of Q2 2019

Separately … these quickies via


  •  we continue to expect the RBNZ to leave the OCR on hold until the second half of 2019

And, Westpac:

  • Slowing GDP growth reinforces our view that OCR hikes are further away than the market is anticipating.


  • The OCR is on hold for some time yet

More to come on the RBNZ next week 

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