RBNZ to stay firmly on hold - Westpac

Analysts at Westpac are expecting RBNZ to remain on hold after it left its rates unchanged in its latest policy meet.

Key Quotes

"At its May policy review the Reserve Bank left the Official Cash Rate unchanged at 1.75%, and restated its view that interest rate hikes are a long way off. 

Inflation has been boosted for now by some temporary factors, but underlying inflation pressures are still seen to be subdued. 

The Reserve Bank’s economic forecasts have many similarities with our own, and we still expect the OCR to remain on hold until early 2019."