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VIEW: Kiwibank write "this week, the RBNZ......>

RBNZ
RBNZ: VIEW: Kiwibank write "this week, the RBNZ will make one of the easiest
decisions ever made. A rate cut to 1.25% is almost a foregone conclusion. So
where to from here? We (now) expect the RBNZ to be forced to cut to 1%, and
below. Following on from our call in March, we now expect a terminal cash rate
of just 75bps! The need to go below 1% is driven by global uncertainties, with
peers like the RBA likely to cut to 50bps, and a softening domestic economy."
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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