The Kiwi remains pretty stable during our......>

KIWI: The Kiwi remains pretty stable during our London morning session. 

The big question for the currency was yesterday and for the past couple of

session, the underlying bid into the NZD. 

Most, speculated or leaned towards "No Cut" punts or even an "hawkish cut".

Overnight saw the 2-year inflation falling to 1.80% from the prior 1.86%,

prompting the likes of Westpac to revisit their RBNZ call and change it to a

25bp cut.

A 25bps CUT is widely expected down to 0.75%. Bloom survey shows that only 5

economists are going for unchanged, but these were also surveyed last week.

*According to some: RBNZ will likely signal a pause after this cut with their

next meeting not until February, while maintaining the stance that rates will

likely stay low for long as it assesses the impact of past cuts and scope for

further easing by other major central banks.

All will be revealed...