The New Zealand general election is in just under 2 weeks time, and we can expect the RBNZ to be neutral and non-controversial ahead of such an important domestic political event.
Most analysts are tipping rates to stay at 3.5% for the remainder of 2014 after the central bank flagged its ‘period of assessment’ last time around. The statement will also hold few surprises.
As to the NZD? I’d expect a neutral RBNZ to be moderately bullish for the NZD as the bears in the market tire of having to pay the carry costs.
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