RBNZ: Not expecting the OCR track to alter - ANZ

Analysts at Australia and New Zealand (ANZ) banking group offered their insights on what to expect from Thursday’s Reserve Bank of New Zealand’s (RBNZ) monetary policy decision.  

Key Quotes:

“With growth weakening but inflation gradually lifting, the RBNZ's MPS is a must watch as we attempt to work out how sensitive the Bank is to shifts in growth and inflation, particularly as the market gets to know the new governor. 

We are not expecting the OCR track to alter, but it is the first place the market looks for the drift of the RBNZ's thinking. 

Risks remain skewed to the downside for the NZD, in our view.”