The RBNZ announce their decision on Thursday morning local time (28 April 2016 at 9am)
- That's 2100GMT on 27 April 2016
- The bank is expected to leave rates on hold (OCR at 2.25%) - though there are a few analysts saying they'll cut (13 of the 16 in the Bloomberg survey are 'hold', 3 are cut by 25bps)
- Expectations are that despite no change in the cash rate the bank will strengthen its easing bias
Considerations for the RBNZ:
- Inflation, while still very low, is showing some sings of picking up (but from a very, very low base ... finance mnister bill English would like the RBNZ to act more forecefully to give inflation a boost)
- The housing market is very strong, Auckland prices continue to surge, prices in the rest of the country, while well behind Auckland, are also on the rise again
- The NZD has been gaining (the RBNZ is not happy with this, a rising dollar tends to hold down the price of imports for a lower inflation rate, as well as troubling exporters)
