Reserve Bank of New Zealand monetary policy meeting preview - on hold expected ...Middle East

I posted this from ANZ yesterday:Reserve Bank of New Zealand expected on hold at its May 2024 meeting - previewThis now via Westpac, in summary points:We expect the RBNZ will leave the OCR at 5.5% at its May Monetary Policy Statement.The RBNZ will likely remain comfortable with the forward outlook communicated in the February Monetary Policy Statement. We don’t see a significant change in the RBNZ’s projections for the OCR – easing still looks like a 2025 affair.Weaker than expected GDP growth and numerous indications of a flat economy should trigger a downward adjustment in the 2024 growth profile.But the inflation outlook remains challenging as a non-tradables driven upward inflation surpr

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