RBNZ: Paring back of the Bank’s hawkish rhetoric? - BNZ

FXStreet (Bali) - Ahead of today's RBNZ monetary policy decision, due at 21 GMT, Economists at BNZ note that the Central Bank is likely to remain on hold until March 2015.

Key Quotes

"The RBNZ September meeting is shaping up to be one subject to extreme interest, with investors anticipating paring back of the Bank’s hawkish rhetoric."

"We agree, now seeing the RBNZ on hold through until March 2015, with the skew of risks biased toward fewer rate hikes."

"How the RBNZ manages to communicate an extended pause, while still convincing investors that it is not finished normalising the OCR, will be an immense challenge."