RBNZ: All eyes on Orr’s press conference - TDS

Analysts at TD Securities (TDS) offer their insights on the upcoming Reserve Bank of New Zealand rate decision due this Thursday.

Key Quotes:

“Once the OCR is left at 1.75% as widely expected, all eyes on the RBNZ's projected OCR path in the Monetary Policy Statement. Some look for a delay in the 10bp increase from Q3 2019 into 2020, but we don't think such a signal is necessary, and look for no change in guidance. Orr so far is a communication wildcard, making the press conference mandatory viewing for NZD investors.”