Nzdusd - page 31

[thenews]

Responses coming in on the RBNZ decision The Reserve Bank of New Zealand left the cash rate unchanged at 2.25% That was an 'as expected' decision.

Analyst responses are coming in now, outlooks etc.

ASB:

• Expect a cut in June to 2%
• Expect another cut in August
• ASB citing risks that inflation falls further
• See the RBNZ taking action (macroprudential policy) on the housing market if they cut further

Westpac:

• RBNZ guidance did not clearly signal the next cut would be in June
• The bank retains its easing bias
• The bank only slightly strengthened its NZD exchange rate warning