RBNZ with no pressure to cut rates - Capital Economics

FXStreet (Bali) - There is little pressure on the Reserve Bank of New Zealand (RBNZ) to cut interest rates at its policy meeting next Thursday, notes Paul Dales, Chief Economist at Capital Economics.

Key Quotes

"There is little pressure on the Reserve Bank of New Zealand (RBNZ) to cut interest rates at its policy meeting this Thursday. We expect that rates will be left at 3.5% and that the Bank will retain its neutral policy bias. Things may change, however, should economic growth in New Zealand slow later this year as we expect."