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BNP Paribas rates desk notes "some......>

NEW ZEALAND
NEW ZEALAND: BNP Paribas rates desk notes "some paying of the front-end of the
NZ space as risk squaring ahead of the NZ  CPI print tomorrow. Survey is for 0%
Q/Q. Should it disappoint and print negative (possibly on the back of faster
pass through of lower energy prices) the market would prepare for a RBNZ cut as
soon as May 19."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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