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RBNZ policy meeting Wednesday – preview – “little change to the neutral guidance”

The Reserve Bank of New Zealand announce their decision at 2pm New Zealand time on Wednesday the 10th July

which is is 0200 GMT on the 10thand 2200 US Eastern time on the 9th

Earlier previews are here, no change to the cash rate is expected:

New Zealand – RBNZ shadow board recommends the Reserve Bank keeps OCR at 5.5% on WednesdaRBNZ Monetary Policy Review due Wednesday – “not expecting a whole lot”Reserve Bank of New Zealand policy meeting this week – preview (on hold widely expected)Reserve Bank of New Zealand policy meeting – rates to be left on hold

A snippet via Bank of America, also in the ‘no change’ camp:

We expect rates on hold and very little changes to the neutral guidance. Economic data has been very weak and inflation expectations have eased further. Labour market outcomes and Q2 CPI will be the key events ahead.

This article was written by Eamonn Sheridan at www.forexlive.com.

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