RBNZ is unanimously expected to cut the OCR by 25bp - TDS

Research Team at TDS, suggests that despite strong activity the RBNZ is unanimously expected to cut the OCR by 25bp to 1.75% on coming Thu, and leaving the OCR forward profile at 1.625%.

Key Quotes

“The RBNZ is also expected to claim that NZD depreciation is still needed to boost inflation expectations. Otherwise, we have card spending data released on Wed, manufacturing PMI Friday and RBINZ home sales and prices sometime next week or the following Mon.”