RBNZ: OCR cut in November remains the mostly likely path - BNZ

Kymberly Martin, Senior Market Strategist at BNZ, suggests that following recent RBNZ meeting, an OCR cut in November remains the mostly likely path, in their view.

Key Quotes

“There will be a few key influences to track in coming months; the 18 October release of Q3 CPI (where we expected a 0.1% annual print); the 2 November release of Q4 inflation expectations, the 4 October QSBO; Q3 employment report, and the trend in the NZ TWI. These are all key factors that will influence the RBNZ’s view on the inflation outlook. In addition, the Bank will be watching future GDT dairy auctions closely. Recall, in last week’s OCR Review the Bank still saw the outlook for the full dairy season as “very uncertain”.”