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VIEW: ASB now expect the "RBNZ to cut the......>

RBNZ
RBNZ: VIEW: ASB now expect the "RBNZ to cut the OCR 25 basis points at the May
Monetary Policy Statement, followed by a second 25 basis point cut in August.
The RBNZ now has unequivocal evidence that domestic demand is slowing much more
sharply than expected and that NZ economic growth is becoming less likely to
turnaround on its own over 2019. It's becoming a matter of time until softer
growth spills into weaker labour demand, softer wage growth and reduced
inflation pressures. Furthermore, global demand is slowing which could
potentially reduce some of the wind in the sails of the export sector."
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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