The Reserve Bank of New Zealand statement is due at 0200 GMT, which is 2200 US Eastern time. The Bank is expected to leave its cash rate on hold at 5.5%. I posted this on Tuesday:RBNZ meet tomorrow: Shadow Board recommends keeping the Official Cash Rate (OCR) at 5.5%Via ANZ now, some points to note from their preview:We (along with everyone else) expect the OCR to be unchanged at 5.50%, with a reiteration of the key messages from the February MPS. Data since then has been mixed, but on net there has been nothing to move the dial. Overall ... we don’t see net grounds for the RBNZ to change its thinking materially from February. This on-hold OCR decision is being taken as a given, but there
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