Reserve Bank of New Zealand interest rate decision a very close call

ING previewing the Reserve Bank of New Zealand meeting on Wednesday 14 August, this the bottom line:It is a very close call, and consensus is split between a 25bp cut and a hold by the Reserve Bank of New Zealand on 14 August. However, we are inclined to think the RBNZ may still prefer to wait for the Fed to move first amid lingering non-tradable inflation concerns, and perhaps deliver a 50bp cut in October. The alternative scenario is probably a “hawkish” cutI thought this was a good point, and may swing the Bank to cut:Some analysts see the fact that the next RBNZ meeting is only on 9 October as an incentive to start cutting now, before the Fed delivers its largely anticipated first cut in

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