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Westpac have pushed back their RBNZ rate cut forecast to June (from March)

Discussion in 'Fundamental Analysis' started by ForexLive, Feb 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    A change in forecast timing for the next Reserve Bank of New Zealand interest rate cut from WPAC more to come - Earlier this week governor Wheeler said he wanted to see more data before deciding on the bank's next move. The very, very weak NZ CPI last week was prompting a few to bring forward their expectations for a cut, but Wheeler tipped a bucket of cold water on this too, saying low inflation alone wasn't enough to bring forward a cut. We'll soon see what the government thinks about (tee hee).

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