RBNZ to Cut Rates Again in June? - Westpac
Imre Speizer, analyst at Westpac explained that they retain our forecast the next cut will be in June.
Key Quotes:
"Compared
to March, when the RBNZ projected one more cut, conditions overall have
deteriorated with the higher NZD TWI and limited mortgage rate decline
arguing for even lower. Markets rate June a 80% chance, by August a done
deal, and even give a 64% chance to a sub-2% OCR."
