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*** VIEW: Westpac now look for the RBNZ to.....>

RBNZ
RBNZ: *** VIEW: Westpac now look for the RBNZ to cut the OCR to 1.50% in May
2019. Westpac write that "there is a risk of a follow-up cut, but we think the
RBNZ is more likely to hold off for the remainder of 2019. We have long been
concerned about the economy slowing in the early 2020s. We now expect the RBNZ
to react to that by cutting the OCR again in May 2020, to a new low of 1.25%."
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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