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VIEW: ANZ write "the RBNZ held the OCR at......>

RBNZ
RBNZ: VIEW: ANZ write "the RBNZ held the OCR at 1.75% as expected but employed a
considerably more dovish tone in the Review commentary. "Given the weaker global
economic outlook and reduced momentum in domestic spending, the more likely
direction of our next OCR move is down." We continue to forecast that the next
move is an OCR cut in November, but risks have now shifted in the direction of
an earlier move, depending on the domestic and global data flow."
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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