VIEW: ANZ note that today's RBNZ Statement.....>

RBNZ: VIEW: ANZ note that today's RBNZ Statement "moves the RBNZ firmly back

into neutral territory. With the outlook more assured and risks considered

balanced, the RBNZ is happy to bide its time to see how developments unfold,

with cuts looking much less likely in the short term. That said, the RBNZ

continues to emphasise risks in both directions. Given how far into the future

the projected hikes are, and the economy's unending capacity to surprise, we are

wary of assuming that the next more is up. We remain comfortable with our call

that the OCR is on hold for the foreseeable future. While the near-term picture

is undeniably looking stronger, risks to the RBNZ's strong 2019 growth

projections remain. But we are mindful of risks on both sides of the ledger, and

watching the data flow remains a prudent approach. Although the recent uplift in

growth and inflation has been partly driven by transitory factors (as the RBNZ

acknowledges), the developments will be very welcome and they buy time to sit

relatively comfortably on the fence."